140,501 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Acquired by Dupree Financial Group LLC

Dupree Financial Group LLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 140,501 shares of the apparel retailer's stock, valued at approximately $3,146,000. American Eagle Outfitters comprises 1.3% of Dupree Financial Group LLC's investment portfolio, making the stock its 29th biggest holding. Dupree Financial Group LLC owned about 0.07% of American Eagle Outfitters as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AEO. Seven Eight Capital LP acquired a new position in shares of American Eagle Outfitters during the first quarter valued at approximately $1,445,000. Bayesian Capital Management LP purchased a new position in American Eagle Outfitters in the first quarter valued at $598,000. UniSuper Management Pty Ltd purchased a new position in American Eagle Outfitters in the first quarter worth approximately $941,000. SG Americas Securities LLC grew its stake 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 purchasing an additional 141,628 shares in the last quarter. Finally, Capstone Investment Advisors LLC lifted its stake in American Eagle Outfitters by 172.5% during the first quarter. Capstone Investment Advisors LLC now owns 106,906 shares of the apparel retailer's stock worth $2,757,000 after purchasing an additional 67,680 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEO has been the topic of several recent research reports. Barclays reduced 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. TD Cowen dropped their target price on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating for the company in a research note on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Telsey Advisory Group restated a "market perform" rating and set 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, American Eagle Outfitters has an average rating of "Hold" and a consensus price target of $25.75.

American Eagle Outfitters Price Performance

AEO traded down $0.16 during trading on Wednesday, reaching $19.58. 2,753,621 shares of the stock traded hands, compared to its average volume of 4,534,560. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The stock's 50-day simple moving average is $20.76 and its two-hundred day simple moving average is $21.52. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. American Eagle Outfitters's revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters's payout ratio is currently 45.05%.

Insider Transactions at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm'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 sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David M. Sable sold 18,420 shares of the company's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the transaction, the director now directly owns 39,356 shares of the company's stock, valued at $867,406.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company's stock.

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.