Leeward Investments LLC MA Has $3.56 Million Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Leeward Investments LLC MA lessened its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 54.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 158,883 shares of the apparel retailer's stock after selling 191,612 shares during the period. Leeward Investments LLC MA owned 0.08% of American Eagle Outfitters worth $3,557,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Stoneridge Investment Partners LLC boosted its stake in American Eagle Outfitters by 41.9% in the third quarter. Stoneridge Investment Partners LLC now owns 22,495 shares of the apparel retailer's stock valued at $504,000 after acquiring an additional 6,646 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of American Eagle Outfitters in the third quarter worth about $119,691,000. Measured Wealth Private Client Group LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter valued at approximately $243,000. Smith Group Asset Management LLC boosted its stake in shares of American Eagle Outfitters by 24.5% during the 3rd quarter. Smith Group Asset Management LLC now owns 20,765 shares of the apparel retailer's stock worth $465,000 after acquiring an additional 4,082 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of American Eagle Outfitters by 7.5% in the third quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer's stock valued at $467,000 after buying an additional 1,446 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Down 1.9 %

Shares of American Eagle Outfitters stock traded down $0.36 on Friday, hitting $18.73. 2,054,721 shares of the company's stock traded hands, compared to its average volume of 4,497,821. The firm's 50-day moving average is $20.27 and its 200 day moving average is $21.25. American Eagle Outfitters, Inc. has a 52-week low of $15.92 and a 52-week high of $26.44. The stock has a market cap of $3.60 billion, a P/E ratio of 15.27, a PEG ratio of 0.95 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Announces Dividend

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 $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AEO. UBS Group lowered their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, August 30th. TD Cowen cut 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. StockNews.com cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. 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 note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $25.75.

Insiders Place Their Bets

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares of the company's stock, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David M. Sable sold 18,420 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the sale, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last three months. 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.