Canandaigua National Bank & Trust Co. Buys New Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Canandaigua National Bank & Trust Co. bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,801 shares of the apparel retailer’s stock, valued at approximately $331,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of American Eagle Outfitters by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after purchasing an additional 310,808 shares during the period. American Century Companies Inc. boosted its position in shares of American Eagle Outfitters by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after purchasing an additional 684,420 shares during the period. Jupiter Asset Management Ltd. boosted its position in shares of American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after purchasing an additional 865,355 shares during the period. Victory Capital Management Inc. boosted its position in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after purchasing an additional 1,936,938 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of American Eagle Outfitters by 179.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after purchasing an additional 1,726,982 shares during the period. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday. UBS Group decreased their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays decreased their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, TD Cowen decreased their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $25.75.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $22.16 on Friday. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.01 and a beta of 1.51. American Eagle Outfitters, Inc. has a 52-week low of $15.68 and a 52-week high of $26.44. The stock has a 50-day simple moving average of $20.81 and a 200-day simple moving average of $21.93.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 EPS. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.26%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,996 shares of company stock valued at $21,153,593 in the last three months. Company insiders own 7.30% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.