American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 171.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,548 shares of the apparel retailer’s stock after purchasing an additional 1,608 shares during the period. Advisors Asset Management Inc.’s holdings in American Eagle Outfitters were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in shares of American Eagle Outfitters by 1.9% during the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after purchasing an additional 963 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after buying an additional 1,000 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after buying an additional 1,033 shares during the last quarter. Alhambra Investment Management LLC grew its stake in shares of American Eagle Outfitters by 7.8% during the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock valued at $305,000 after acquiring an additional 1,111 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters during the third quarter valued at about $32,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $19.24 on Friday. American Eagle Outfitters, Inc. has a 1 year low of $16.88 and a 1 year high of $26.44. The firm’s 50-day moving average is $19.79 and its 200-day moving average is $20.60. The company has a market cap of $3.70 billion, a P/E ratio of 15.39, a PEG ratio of 0.93 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data 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. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. American Eagle Outfitters’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s payout ratio is 40.00%.

Analysts Set New Price Targets

Several research analysts recently commented on AEO shares. Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. UBS Group cut their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday. Jefferies Financial Group cut their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, TD Cowen decreased their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Profile

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.