31,514 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,514 shares of the apparel retailer's stock, valued at approximately $706,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System grew its holdings 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 during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of American Eagle Outfitters by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer's stock valued at $1,856,000 after acquiring an additional 1,000 shares during the period. Alhambra Investment Management LLC increased its holdings in shares of American Eagle Outfitters by 7.8% in the 2nd 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 during the period. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters in the 3rd quarter valued at $32,000. Finally, Diversified Trust Co increased its stake in American Eagle Outfitters by 4.3% in the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer's stock valued at $792,000 after purchasing an additional 1,443 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEO has been the topic of a number of recent research reports. Barclays dropped their target price on American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. UBS Group dropped their price target 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. TD Cowen lowered their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Telsey Advisory Group restated a "market perform" rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Finally, StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.00.

American Eagle Outfitters Stock Down 1.0 %

AEO stock traded down $0.18 during trading on Thursday, hitting $18.14. 1,558,273 shares of the company's stock traded hands, compared to its average volume of 4,496,310. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52 week low of $15.92 and a 52 week high of $26.44. The stock has a fifty day moving average price of $20.12 and a two-hundred day moving average price of $21.10.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In other news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Cary D. Mcmillan sold 2,283 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,050,702 shares of company stock worth $21,148,718. Corporate insiders own 7.30% of the company's stock.

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.