What Did This CEO Just Do with Personal Shares of American Eagle (NYSE: AEO)?

By Carrie Williams

Today, the Exec Chairman & CEO of American Eagle (NYSE: AEO), Jay Schottenstein, sold shares of AEO for $21.41M.

In addition to Jay Schottenstein, 4 other AEO executives reported Sell trades in the last month.

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Based on American Eagle’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $823 million and quarterly net profit of $39.93 million. In comparison, last year the company earned revenue of $762 million and had a net profit of $25.24 million. AEO’s market cap is $4.3B and the company has a P/E ratio of 19.98. Currently, American Eagle has an average volume of 3.81M.

Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $26.86, reflecting a -11.5% downside. Four different firms, including Citigroup and Cowen & Co., currently also have a Sell rating on the stock.

The insider sentiment on American Eagle has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Jay Schottenstein’s trades have generated a 7.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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American Eagle Outfitters, Inc. is a multi-brand specialty retailer. It offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand.