American Eagle Outfitters, Inc. (NYSE:AEO) Stock Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 90.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,290 shares of the apparel retailer's stock after selling 158,286 shares during the period. SG Americas Securities LLC's holdings in American Eagle Outfitters were worth $387,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AEO. Arizona State Retirement System boosted its position in 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 acquiring 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% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer's stock worth $1,856,000 after purchasing an additional 1,000 shares during the last quarter. CWM LLC grew its position in shares of American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer's stock valued at $63,000 after purchasing an additional 1,020 shares during the period. Alhambra Investment Management LLC grew its position in shares of American Eagle Outfitters by 7.8% in the second quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer's stock valued at $305,000 after purchasing an additional 1,111 shares during the period. Finally, Hexagon Capital Partners LLC increased its stake in American Eagle Outfitters by 81.1% in the first quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer's stock valued at $66,000 after purchasing an additional 1,148 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. TD Cowen lowered 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. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Friday, August 30th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. UBS Group lowered their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $23.00 price objective 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 given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.75.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO traded down $0.30 during midday trading on Friday, hitting $21.20. 2,256,982 shares of the company's stock traded hands, compared to its average volume of 4,555,206. The firm's fifty day moving average price is $20.80 and its two-hundred day moving average price is $21.63. American Eagle Outfitters, Inc. has a twelve month low of $15.92 and a twelve month high of $26.44. The company has a market cap of $4.16 billion, a PE ratio of 19.10, a P/E/G ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.36%. American Eagle Outfitters's payout ratio is currently 45.05%.

Insider Activity

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company'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 sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by company insiders.

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.