81,598 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 81,598 shares of the apparel retailer's stock, valued at approximately $1,827,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Congress Asset Management Co. acquired a new position in shares of American Eagle Outfitters in the third quarter valued at about $119,691,000. Victory Capital Management Inc. grew its stake in shares of American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer's stock valued at $62,034,000 after acquiring an additional 1,936,938 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer's stock valued at $53,722,000 after acquiring an additional 1,726,982 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer's stock valued at $64,727,000 after acquiring an additional 865,355 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of American Eagle Outfitters in the second quarter valued at about $16,861,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Trading Down 2.9 %

NYSE AEO traded down $0.53 during mid-day trading on Monday, hitting $17.91. The company's stock had a trading volume of 1,577,051 shares, compared to its average volume of 4,490,799. The company's 50 day simple moving average is $20.09 and its 200 day simple moving average is $20.99. American Eagle Outfitters, Inc. has a twelve month low of $15.92 and a twelve month high of $26.44. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.92 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. American Eagle Outfitters's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. As a group, research analysts forecast that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters's payout ratio is 40.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group reduced their price objective 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. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Tuesday, November 12th. TD Cowen reduced their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group reiterated 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, StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.00.

Insider Transactions at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of the firm's 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 owns 200,427 shares in the company, valued at approximately $4,367,304.33. This trade represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction 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 in the last ninety days. Company 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.