AMERICAN EAGLE OUTFITTERS INC
AEO · Retail-Family Clothing Stores · 167.6M shares · +4%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$40M (gross $11M, SBC $51M)
Reference price $17.23 · est. market cap ~$2.9B — last insider sale, 2026-04-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Mall apparel retailer, debt-free and profitable, but earnings fell this year.
Strengths
- Debt-free — D/E 0.00, current ratio 1.51 (60th)
- Profitable with positive FCF — net margin 3.5%, FCF $195.4M
Risks
- Earnings down — net income -41.7% (22nd)
- Thin margins — operating margin 4.1% (44th)
- Weak quick liquidity 0.71; fashion-cycle risk — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $239M cash & investments
- China exposureThere is uncertainty with respect to potential further changes in trade policy and regulations, sanctions and export controls, which increase volatility in the global economy and foreign currency exch
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 8 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$27M, last 6mo) Form 4 ↗
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +3 more (as of 2026-03-31)
- Revenue declineRevenue -12.3% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
36.5%
Operating margin
4.1%
Net margin
3.5%
Return on equity
11.3%
Return on assets
4.8%
ROIC
10.6%
Revenue growth (QoQ)
-12.3%
Net-income growth
-41.7%
Debt / equity
0.0×
Net debt / EBITDA
-0.5×
Current ratio
1.5×
Free cash flow
$195M
EBITDA
$448M
Tangible book value
$1.4B
Cash & investments
$239M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-06 | MCMILLAN CARY D | Sell | 2.9K | $17.23 |
| 2026-04-06 | Spiegel Noel Joseph | Sell | 2.9K | $17.32 |
| 2026-04-02 | Mathias Michael A. | Option exercise | 16K | — |
| 2026-04-02 | Mathias Michael A. | Tax withheld | 6.9K | $16.84 |
| 2026-04-02 | Henke Beth M | Option exercise | 6.3K | — |
| 2026-04-02 | Henke Beth M | Tax withheld | 1.9K | $16.84 |
| 2026-04-02 | Keefer James H JR | Option exercise | 6.3K | — |
| 2026-04-02 | Keefer James H JR | Tax withheld | 1.8K | $16.84 |
| 2026-04-02 | Foyle Jennifer M. | Option exercise | 41K | — |
| 2026-04-02 | Foyle Jennifer M. | Tax withheld | 23K | $16.84 |
| 2026-04-02 | Baldwin Marisa | Option exercise | 8.2K | — |
| 2026-04-02 | Baldwin Marisa | Tax withheld | 4.2K | $16.84 |
| 2026-04-02 | SCHOTTENSTEIN JAY L | Option exercise | 79K | — |
| 2026-04-02 | SCHOTTENSTEIN JAY L | Tax withheld | 32K | $16.84 |
| 2026-04-01 | Spiegel Noel Joseph | Grant | 2.9K | — |
| 2026-04-01 | Sable David M. | Grant | 2.9K | — |
| 2026-04-01 | PAGE JANICE E | Grant | 2.9K | — |
| 2026-04-01 | MCMILLAN CARY D | Grant | 2.9K | — |
| 2026-03-30 | Mathias Michael A. | Tax withheld | 3.9K | $16.09 |
| 2026-03-30 | SCHOTTENSTEIN JAY L | Option exercise | 46K | — |
| 2026-03-30 | SCHOTTENSTEIN JAY L | Tax withheld | 18K | $16.09 |
| 2026-03-30 | Mathias Michael A. | Option exercise | 8.8K | — |
| 2026-03-30 | Keefer James H JR | Option exercise | 4.1K | — |
| 2026-03-30 | Keefer James H JR | Tax withheld | 1.2K | $16.09 |
| 2026-03-30 | Henke Beth M | Option exercise | 4.1K | — |
| 2026-03-30 | Henke Beth M | Tax withheld | 1.3K | $16.09 |
| 2026-03-30 | Foyle Jennifer M. | Option exercise | 23K | — |
| 2026-03-30 | Foyle Jennifer M. | Tax withheld | 13K | $16.09 |
| 2026-03-30 | Baldwin Marisa | Option exercise | 4.1K | — |
| 2026-03-30 | Baldwin Marisa | Tax withheld | 2.1K | $16.09 |
| 2026-02-05 | SCHOTTENSTEIN JAY L | Grant | 396K | — |
| 2026-02-05 | SCHOTTENSTEIN JAY L | Tax withheld | 151K | $23.09 |
| 2026-02-05 | Mathias Michael A. | Grant | 76K | — |
| 2026-02-05 | Mathias Michael A. | Tax withheld | 27K | $23.09 |
| 2026-02-05 | Keefer James H JR | Grant | 14K | — |
| 2026-02-05 | Keefer James H JR | Tax withheld | 4.4K | $23.09 |
| 2026-02-05 | Henke Beth M | Grant | 14K | — |
| 2026-02-05 | Henke Beth M | Tax withheld | 4.6K | $23.09 |
| 2026-02-05 | Foyle Jennifer M. | Grant | 200K | — |
| 2026-02-05 | Foyle Jennifer M. | Tax withheld | 104K | $23.09 |
| 2026-02-05 | Baldwin Marisa | Grant | 36K | — |
| 2026-02-05 | Baldwin Marisa | Tax withheld | 13K | $23.09 |
| 2026-01-22 | SCHOTTENSTEIN JAY L | Sell | 21K | $26.23 |
| 2026-01-21 | Spiegel Noel Joseph | Sell | 1.9K | $25.66 |
| 2026-01-21 | SCHOTTENSTEIN JAY L | Sell | 527K | $25.83 |
| 2026-01-20 | SCHOTTENSTEIN JAY L | Sell | 500K | $25.27 |
| 2026-01-14 | MCMILLAN CARY D | Sell | 200 | $26.20 |
| 2026-01-14 | MCMILLAN CARY D | Sell | 1.7K | $26.22 |
| 2026-01-01 | Spiegel Noel Joseph | Grant | 1.9K | — |
| 2026-01-01 | Sable David M. | Grant | 1.9K | — |
| 2026-01-01 | PAGE JANICE E | Grant | 1.9K | — |
| 2026-01-01 | MCMILLAN CARY D | Grant | 1.9K | — |
| 2025-12-09 | Keefer James H JR | Sell | 5.7K | $23.49 |
| 2025-12-08 | Baldwin Marisa | Option exercise | 33K | $17.24 |
| 2025-12-08 | Baldwin Marisa | Option exercise | 28K | $13.17 |
| 2025-12-08 | Baldwin Marisa | Sell | 61K | $22.41 |
| 2025-12-05 | Mathias Michael A. | Sell | 187K | $24.05 |
| 2025-12-05 | Mathias Michael A. | Option exercise | 76K | $17.24 |
| 2025-12-05 | Mathias Michael A. | Option exercise | 60K | $13.17 |
| 2025-12-05 | Foyle Jennifer M. | Option exercise | 128K | $21.41 |
| 2025-12-05 | Foyle Jennifer M. | Option exercise | 86K | $8.62 |
| 2025-12-05 | Foyle Jennifer M. | Sell | 243K | $24.30 |
| 2025-10-03 | MCMILLAN CARY D | Sell | 2.9K | $16.95 |
| 2025-10-01 | Sable David M. | Grant | 2.9K | — |
| 2025-10-01 | PAGE JANICE E | Grant | 2.9K | — |
| 2025-10-01 | MCMILLAN CARY D | Grant | 2.9K | — |
| 2025-09-18 | Keefer James H JR | Sell | 0 | $19.75 |
| 2025-09-18 | Keefer James H JR | Sell | 12K | $19.75 |
| 2025-09-16 | Mathias Michael A. | Option exercise | 40K | $12.33 |
| 2025-09-16 | Mathias Michael A. | Sell | 40K | $20.00 |
| 2025-09-11 | Sable David M. | Sell | 5.0K | $19.22 |
| 2025-09-08 | Spiegel Noel Joseph | Sell | 40K | $18.12 |
| 2025-09-08 | PAGE JANICE E | Sell | 27K | $18.04 |
| 2025-09-08 | MCMILLAN CARY D | Sell | 9.0K | $18.11 |
| 2025-09-08 | Foyle Jennifer M. | Sell | 55K | $18.14 |
| 2025-07-01 | Sable David M. | Grant | 4.9K | — |
| 2025-07-01 | PAGE JANICE E | Grant | 4.9K | — |
| 2025-07-01 | MCMILLAN CARY D | Grant | 4.9K | — |
| 2025-04-04 | SCHOTTENSTEIN JAY L | Option exercise | 27K | — |
| 2025-04-04 | SCHOTTENSTEIN JAY L | Tax withheld | 11K | $10.94 |
| 2025-04-04 | Mathias Michael A. | Option exercise | 5.2K | — |
| 2025-04-04 | Mathias Michael A. | Tax withheld | 2.3K | $10.94 |
| 2025-04-04 | Keefer James H JR | Option exercise | 2.1K | — |
| 2025-04-04 | Keefer James H JR | Tax withheld | 599 | $10.94 |
| 2025-04-04 | Foyle Jennifer M. | Option exercise | 14K | — |
| 2025-04-04 | Foyle Jennifer M. | Tax withheld | 7.6K | $10.94 |
| 2025-04-04 | Baldwin Marisa | Option exercise | 2.8K | — |
| 2025-04-04 | Baldwin Marisa | Tax withheld | 995 | $10.94 |
| 2025-04-01 | Sable David M. | Grant | 4.1K | — |
| 2025-04-01 | MCMILLAN CARY D | Grant | 4.1K | — |
| 2025-04-01 | MCMILLAN CARY D | Grant | 4.1K | — |
| 2025-04-01 | PAGE JANICE E | Grant | 4.1K | — |
| 2025-03-28 | SCHOTTENSTEIN JAY L | Option exercise | 76K | — |
| 2025-03-28 | SCHOTTENSTEIN JAY L | Tax withheld | 30K | $11.42 |
| 2025-03-28 | Mathias Michael A. | Option exercise | 15K | — |
| 2025-03-28 | Mathias Michael A. | Tax withheld | 6.5K | $11.42 |
| 2025-03-28 | Keefer James H JR | Option exercise | 7.1K | — |
| 2025-03-28 | Keefer James H JR | Tax withheld | 2.0K | $11.42 |
| 2025-03-28 | Foyle Jennifer M. | Option exercise | 39K | — |
| 2025-03-28 | Foyle Jennifer M. | Tax withheld | 22K | $11.42 |
| 2025-03-28 | Baldwin Marisa | Option exercise | 6.7K | — |
| 2025-03-28 | Baldwin Marisa | Tax withheld | 2.4K | $11.42 |
| 2025-02-21 | SCHOTTENSTEIN JAY L | Grant | 180K | — |
| 2025-02-21 | SCHOTTENSTEIN JAY L | Tax withheld | 61K | $13.77 |
| 2025-02-21 | Mathias Michael A. | Grant | 35K | — |
| 2025-02-21 | Mathias Michael A. | Tax withheld | 10K | $13.77 |
| 2025-02-21 | Keefer James H JR | Grant | 6.9K | — |
| 2025-02-21 | Keefer James H JR | Tax withheld | 2.3K | $13.77 |
| 2025-02-21 | Foyle Jennifer M. | Grant | 92K | — |
| 2025-02-21 | Foyle Jennifer M. | Tax withheld | 40K | $13.77 |
| 2025-02-21 | Baldwin Marisa | Grant | 15K | — |
| 2025-02-21 | Baldwin Marisa | Tax withheld | 5.7K | $13.77 |
| 2025-01-16 | MCMILLAN CARY D | Sell | 3.0K | $16.02 |
| 2025-01-01 | MCMILLAN CARY D | Grant | 3.0K | — |
| 2025-01-01 | PAGE JANICE E | Grant | 3.0K | — |
| 2025-01-01 | Sable David M. | Grant | 3.0K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-10 | 2026-06-04 | 0001193125-26-266019 ↗ |
| 10-Q | 2026-06-03 | 2026-05-02 | 0001193125-26-255712 ↗ |
| 8-K | 2026-05-28 | 2026-05-28 | 0001193125-26-245310 ↗ |
| 10-K | 2026-03-30 | 2026-01-31 | 0001193125-26-132097 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001193125-26-091582 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001193125-26-010573 ↗ |
| 10-Q | 2025-12-09 | 2025-11-01 | 0001193125-25-312782 ↗ |
| 8-K | 2025-12-02 | 2025-12-02 | 0001193125-25-305370 ↗ |
| 10-Q | 2025-09-09 | 2025-08-02 | 0000950170-25-113811 ↗ |
| 8-K | 2025-09-03 | 2025-09-03 | 0000950170-25-112837 ↗ |
| 8-K | 2025-07-01 | 2025-06-25 | 0001193125-25-154105 ↗ |
| 10-Q | 2025-06-05 | 2025-05-03 | 0000950170-25-082416 ↗ |