American Eagle Outfitters Inc. (NYSE:AEO) SVP, Controller & CAO, James H. Keefer Jr., has sold a total of $180,747 worth of company stock, according to a recent SEC filing. The transactions occurred on March 28, 2024, with the shares sold at an average price of $25.821. In addition to the sale, Keefer also acquired shares through other transactions on the same day.
The filing detailed that Keefer disposed of 7,000 shares of American Eagle Outfitters' common stock. The sales took place at prices ranging from $25.79 to $25.821 per share, totaling approximately $180,747 in value. Prior to this transaction, Keefer also engaged in transactions that resulted in the acquisition of shares at no cost, which is a common practice for company insiders receiving stock-based compensation.
On the same date, Keefer also reported transactions coded as "F," which typically indicate a payment for the exercise of options or the payment of taxes by surrendering a portion of vested shares. In this case, Keefer disposed of 1,973 shares at $25.79 each, amounting to a total of $50,883.
While the filing included derivative securities transactions as well, such as those involving dividend equivalent rights and restricted stock units, these do not reflect direct stock sales or purchases and are therefore not included in the total transaction value for the purpose of this article.
Investors often monitor insider transactions as they can provide insights into how executives perceive the company's stock value and future prospects. Keefer's recent transactions indicate a mix of acquiring and disposing of shares within a short timeframe.
American Eagle Outfitters Inc. is a leading global specialty retailer offering high-quality, on-trend clothing, accessories, and personal care products at affordable prices under its American Eagle and Aerie brands. The company is headquartered in Pittsburgh, Pennsylvania, and operates stores worldwide.
For more detailed information, investors and analysts are encouraged to review the full SEC Form 4 filing.
InvestingPro Insights
As American Eagle Outfitters Inc. (NYSE:AEO) experiences insider transactions, investors are keen to understand the stock's value and potential. The market cap of AEO stands at a substantial $5.16 billion, reflecting the company's scale in the retail industry. The P/E ratio, which is a common measure of valuation, is currently at 30.02, indicating the price investors are willing to pay for a dollar of earnings. However, when adjusted for the last twelve months as of Q4 2024, this ratio becomes more attractive at 18.18, suggesting a more favorable valuation in relation to the company’s earnings.
InvestingPro Tips highlight that American Eagle Outfitters has been maintaining dividend payments for an impressive 21 consecutive years, which is a testament to its financial stability and commitment to shareholder returns. Additionally, the company is trading at a low Price/Earnings to Growth (PEG) ratio of 0.84 as of the last twelve months ending Q4 2024, which may suggest that the stock is undervalued relative to its earnings growth potential.
Investors looking to delve deeper into American Eagle Outfitters' financials and stock performance can find further analysis on InvestingPro, where there are 5 additional InvestingPro Tips available. These tips could provide valuable insights for making informed investment decisions. For those interested, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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