American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC raised its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 206.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,148 shares of the apparel retailer's stock after acquiring an additional 33,095 shares during the period. Verition Fund Management LLC's holdings in American Eagle Outfitters were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter worth $119,691,000. Victory Capital Management Inc. increased its holdings in shares of American Eagle Outfitters by 165.4% during 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. raised its position in shares of American Eagle Outfitters by 179.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer's stock valued at $53,722,000 after purchasing an additional 1,726,982 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer's stock worth $64,727,000 after purchasing an additional 865,355 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $16,861,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Up 2.2 %

Shares of NYSE AEO traded up $0.38 during midday trading on Friday, hitting $17.99. The stock had a trading volume of 8,900,592 shares, compared to its average volume of 4,803,476. American Eagle Outfitters, Inc. has a 1 year low of $16.88 and a 1 year high of $26.44. The company has a market capitalization of $3.46 billion, a PE ratio of 15.38, a P/E/G ratio of 1.02 and a beta of 1.51. The stock has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $20.41.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.80%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company's revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts expect that American Eagle Outfitters, Inc. will post 1.74 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued 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 2.78%. American Eagle Outfitters's dividend payout ratio is presently 42.74%.

Insiders Place Their Bets

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the business's stock in a transaction dated 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 directly owns 200,427 shares in the company, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the sale, the director now directly owns 39,356 shares in the company, valued at approximately $867,406.24. The trade was a 31.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. Insiders own 7.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating on the stock in a report on Thursday. Bank of America cut their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday. BMO Capital Markets decreased their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday. Barclays dropped their price objective on shares of American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $23.00 target price (down from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, American Eagle Outfitters presently has an average rating of "Hold" and an average price target of $22.40.

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.