Victory Capital Management Inc. Has $97.86 Million Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Victory Capital Management Inc. raised its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 40.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,370,626 shares of the apparel retailer's stock after acquiring an additional 1,262,693 shares during the period. Victory Capital Management Inc. owned approximately 2.28% of American Eagle Outfitters worth $97,858,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of American Eagle Outfitters by 397.3% during the first quarter. SG Americas Securities LLC now owns 33,948 shares of the apparel retailer's stock valued at $876,000 after purchasing an additional 27,121 shares in the last quarter. ProShare Advisors LLC increased its position in shares of American Eagle Outfitters by 7.4% during the first quarter. ProShare Advisors LLC now owns 36,914 shares of the apparel retailer's stock worth $952,000 after acquiring an additional 2,533 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of American Eagle Outfitters during the 1st quarter worth $61,315,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in American Eagle Outfitters by 45.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 29,508 shares of the apparel retailer's stock worth $773,000 after acquiring an additional 9,247 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake 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 buying an additional 310,808 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

Insider Buying and Selling

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 directly owns 200,427 shares in the company, valued at $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company's stock in a transaction that occurred 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. This trade represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 in the last three months. 7.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

AEO has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. Jefferies Financial Group decreased their target price on American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating for the company in a report on Tuesday. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $25.00.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded down $0.12 during midday trading on Thursday, reaching $18.20. The stock had a trading volume of 2,407,488 shares, compared to its average volume of 4,500,800. The stock's 50-day simple moving average is $20.12 and its 200 day simple moving average is $21.10. The stock has a market capitalization of $3.50 billion, a PE 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 twelve month low of $15.92 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share 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 analyst estimates of $1.31 billion. During the same period last year, the business earned $0.25 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal 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 given a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.75%. American Eagle Outfitters's dividend payout ratio (DPR) is 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.