Zacks Investment Management Acquires Shares of 41,569 American Eagle Outfitters, Inc. (NYSE:AEO)

Zacks Investment Management bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,569 shares of the apparel retailer's stock, valued at approximately $931,000.

Several other institutional investors have also recently made changes to their positions in AEO. SG Americas Securities LLC increased its position in shares of American Eagle Outfitters by 417.2% during the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer's stock worth $3,504,000 after acquiring an additional 141,628 shares during the period. Diversified Trust Co raised its position in American Eagle Outfitters by 8.3% during the 2nd quarter. Diversified Trust Co now owns 33,952 shares of the apparel retailer's stock valued at $678,000 after purchasing an additional 2,611 shares in the last quarter. Leeward Investments LLC MA raised its position in American Eagle Outfitters by 5.7% during the 2nd quarter. Leeward Investments LLC MA now owns 350,495 shares of the apparel retailer's stock valued at $6,996,000 after purchasing an additional 18,795 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of American Eagle Outfitters by 46.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,412 shares of the apparel retailer's stock worth $667,000 after buying an additional 10,614 shares during the period. Finally, Summit Global Investments bought a new position in shares of American Eagle Outfitters during the 2nd quarter worth $222,000. Institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock remained flat at $17.70 during trading on Tuesday. The stock had a trading volume of 7,555,490 shares, compared to its average volume of 4,674,237. American Eagle Outfitters, Inc. has a 52-week low of $16.88 and a 52-week high of $26.44. The company has a fifty day moving average price of $19.52 and a 200-day moving average price of $20.36. The stock has a market capitalization of $3.40 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the company earned $0.49 earnings per share. The company's quarterly revenue was down .9% on a year-over-year basis. As a group, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.83%. American Eagle Outfitters's payout ratio is 42.74%.

Insiders Place Their Bets

In related news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total value of $653,700.00. Following the transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The shares were 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. Over the last quarter, insiders sold 1,050,702 shares of company stock valued at $21,148,718. Insiders own 7.30% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AEO shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. Jefferies Financial Group lowered their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets cut their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday, December 5th. Bank of America lowered their target price on American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, December 5th. Finally, TD Cowen dropped their target price on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.40.

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.