American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 50.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,343 shares of the apparel retailer's stock after selling 30,018 shares during the period. Royce & Associates LP's holdings in American Eagle Outfitters were worth $657,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AEO. Bayesian Capital Management LP purchased a new stake in shares of American Eagle Outfitters during the first quarter valued at $598,000. UniSuper Management Pty Ltd purchased a new stake in shares of American Eagle Outfitters during the 1st quarter valued at about $941,000. SG Americas Securities LLC raised its holdings 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 valued at $3,504,000 after purchasing an additional 141,628 shares during the last quarter. Vanguard Group Inc. boosted its holdings in American Eagle Outfitters by 1.5% in the first quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer's stock worth $536,142,000 after purchasing an additional 310,808 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer's stock worth $62,034,000 after purchasing an additional 1,936,938 shares during the period. Institutional investors own 97.33% of the company's stock.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,771,851 shares of the company's stock, valued at $35,507,894.04. This represents a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 over the last quarter. 7.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Barclays lowered their price objective on 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. StockNews.com cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating for the company in a report on Friday, August 30th. Finally, UBS Group reduced their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.00.

American Eagle Outfitters Price Performance

NYSE AEO opened at $17.28 on Thursday. The stock's fifty day moving average price is $20.00 and its 200 day moving average price is $20.87. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.87 and a beta of 1.52. American Eagle Outfitters, Inc. has a 1 year low of $15.92 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating 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 business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business's revenue for the quarter was up 7.5% on a year-over-year basis. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders 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 annualized dividend and a dividend yield of 2.89%. American Eagle Outfitters's dividend payout ratio (DPR) 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.