The Global Brand President-aerie of American Eagle (AEO) is Buying Shares


Today, the Global Brand President-aerie of American Eagle (AEO), Jennifer Foyle, bought shares of AEO for $1.51M.

Following this transaction Jennifer Foyle’s holding in the company was increased by 169.88% to a total of $1.45 million. This is Foyle’s first Buy trade following 8 Sell transactions.

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Based on American Eagle’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $1.24 billion and quarterly net profit of $76.17 million. In comparison, last year the company earned revenue of $823 million and had a net profit of $39.93 million. AEO’s market cap is $3.92B and the company has a P/E ratio of 15.43. Currently, American Eagle has an average volume of 3M.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $25.83, reflecting a 12.7% upside. Six different firms, including Citigroup and Jefferies, currently also have a Buy rating on the stock.

The insider sentiment on American Eagle has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.

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