Polar Asset Management Partners Inc. Buys Shares of 39,300 American Eagle Outfitters, Inc. (NYSE:AEO)

Polar Asset Management Partners Inc. bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 39,300 shares of the apparel retailer's stock, valued at approximately $880,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $32,000. Advisors Asset Management Inc. grew its stake in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after acquiring an additional 1,608 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Eagle Outfitters during the second quarter worth $78,000. nVerses Capital LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at $108,000. Finally, Meeder Asset Management Inc. purchased a new position in American Eagle Outfitters in the third quarter valued at $141,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of analyst reports. Telsey Advisory Group reduced their price target on American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating on the stock in a research report on Thursday. UBS Group decreased their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Monday, September 2nd. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday. Finally, Barclays dropped their target price on American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.40.

American Eagle Outfitters Trading Up 2.1 %

Shares of NYSE AEO traded up $0.37 during trading hours on Friday, reaching $17.98. The stock had a trading volume of 8,898,038 shares, compared to its average volume of 4,651,198. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.99 and a beta of 1.51. American Eagle Outfitters, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $26.44. The firm has a 50-day moving average of $19.70 and a 200-day moving average of $20.48.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company's revenue was down .9% compared to the same quarter last year. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. 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 2.78%. American Eagle Outfitters's payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the business'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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $20,039,979.96. Following the completion of 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 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by 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.