Citigroup Inc. Purchases 69,662 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Citigroup Inc. boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 41.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,688 shares of the apparel retailer’s stock after purchasing an additional 69,662 shares during the quarter. Citigroup Inc. owned about 0.12% of American Eagle Outfitters worth $5,367,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEO. Congress Asset Management Co. acquired a new position in shares of American Eagle Outfitters in the third quarter valued at about $119,691,000. American Century Companies Inc. grew its position in shares of American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after buying an additional 1,726,982 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. The trade was a 31.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

AEO has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. TD Cowen dropped their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Barclays reduced their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Trading Up 3.6 %

Shares of American Eagle Outfitters stock opened at $19.24 on Monday. The firm has a market capitalization of $3.70 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The firm’s 50 day moving average is $19.79 and its 200 day moving average is $20.57. American Eagle Outfitters, Inc. has a 1 year low of $16.88 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.60%. American Eagle Outfitters’s payout ratio is presently 40.00%.

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.