Congress Asset Management Co. Invests $119.69 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Congress Asset Management Co. acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,345,750 shares of the apparel retailer's stock, valued at approximately $119,691,000. Congress Asset Management Co. owned 2.72% of American Eagle Outfitters at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AEO. Kathleen S. Wright Associates Inc. bought a new position in shares of American Eagle Outfitters during the third quarter valued at about $32,000. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at $78,000. nVerses Capital LLC purchased a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $108,000. Picton Mahoney Asset Management purchased a new stake in American Eagle Outfitters in the 2nd quarter worth $140,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of American Eagle Outfitters by 408.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer's stock valued at $183,000 after buying an additional 7,449 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company's 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 transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters 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 of the company's stock, valued at $35,507,894.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last ninety days. 7.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Stock Performance

NYSE AEO traded down $0.30 during trading on Thursday, hitting $19.60. The stock had a trading volume of 3,101,809 shares, compared to its average volume of 4,516,950. American Eagle Outfitters, Inc. has a 12 month low of $15.92 and a 12 month high of $26.44. The company has a market capitalization of $3.76 billion, a PE ratio of 15.68, a P/E/G ratio of 1.02 and a beta of 1.51. The company's 50-day moving average price is $20.55 and its two-hundred day moving average price is $21.36.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.25 EPS. American Eagle Outfitters's quarterly revenue was up 7.5% on a year-over-year basis. As a group, equities 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.55%. American Eagle Outfitters's payout ratio is presently 40.00%.

Analyst Ratings Changes

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

American Eagle Outfitters Company 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.