American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Weiss Asset Management LP

Weiss Asset Management LP cut its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 56.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,671 shares of the apparel retailer's stock after selling 331,555 shares during the quarter. Weiss Asset Management LP owned 0.13% of American Eagle Outfitters worth $5,680,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Investors Research Corp lifted its stake in American Eagle Outfitters by 1.4% in the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer's stock valued at $1,035,000 after buying an additional 650 shares in the last quarter. Arizona State Retirement System lifted its position in shares of American Eagle Outfitters by 1.9% in the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer's stock valued at $1,049,000 after acquiring an additional 963 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of American Eagle Outfitters by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer's stock worth $1,856,000 after acquiring an additional 1,000 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in shares of American Eagle Outfitters by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer's stock worth $1,112,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Alhambra Investment Management LLC raised its stake in American Eagle Outfitters by 7.8% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer's stock valued at $305,000 after purchasing an additional 1,111 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays lowered their target price 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. Jefferies Financial Group cut their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating for the company in a report on Tuesday, November 12th. TD Cowen lowered their target price on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Telsey Advisory Group reduced their price objective 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. Finally, StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. One equities research 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. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of "Hold" and a consensus target price of $22.40.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was 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. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company's stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock traded up $0.38 during trading hours on Friday, hitting $17.99. The company's stock had a trading volume of 8,900,592 shares, compared to its average volume of 4,803,476. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 1.02 and a beta of 1.51. American Eagle Outfitters, Inc. has a twelve month low of $16.88 and a twelve month high of $26.44. The firm has a fifty day moving average of $19.62 and a 200-day moving average of $20.44.

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

American Eagle Outfitters Dividend Announcement

The business also recently announced 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 was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.78%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 42.74%.

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.