Wellington Management Group LLP Has $218.29 Million Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Wellington Management Group LLP boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,749,561 shares of the apparel retailer's stock after buying an additional 268,326 shares during the quarter. Wellington Management Group LLP owned approximately 5.08% of American Eagle Outfitters worth $218,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in American Eagle Outfitters by 417.2% in the 2nd quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer's stock valued at $3,504,000 after purchasing an additional 141,628 shares during the period. Diversified Trust Co lifted its holdings in shares of American Eagle Outfitters by 8.3% during the 2nd quarter. Diversified Trust Co now owns 33,952 shares of the apparel retailer's stock worth $678,000 after acquiring an additional 2,611 shares during the period. Leeward Investments LLC MA lifted its holdings in shares of American Eagle Outfitters by 5.7% during the 2nd quarter. Leeward Investments LLC MA now owns 350,495 shares of the apparel retailer's stock worth $6,996,000 after acquiring an additional 18,795 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of American Eagle Outfitters by 46.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 33,412 shares of the apparel retailer's stock worth $667,000 after purchasing an additional 10,614 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $222,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm'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 sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday. Barclays dropped their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday. UBS Group dropped their target price 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. TD Cowen reduced their target price 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. Finally, BMO Capital Markets lowered their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters has an average rating of "Hold" and a consensus price target of $22.40.

American Eagle Outfitters Trading Down 1.6 %

American Eagle Outfitters stock traded down $0.29 during mid-day trading on Monday, hitting $17.70. The stock had a trading volume of 7,222,753 shares, compared to its average volume of 4,662,071. American Eagle Outfitters, Inc. has a 12 month low of $16.88 and a 12 month high of $26.44. The stock has a market capitalization of $3.40 billion, a PE ratio of 15.67, a P/E/G ratio of 1.13 and a beta of 1.51. The stock has a 50-day simple moving average of $19.62 and a two-hundred day simple moving average of $20.40.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued 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 return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the business earned $0.49 earnings per share. The company's revenue was down .9% compared to the same quarter last year. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 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. Shareholders of record on Friday, October 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters's dividend payout ratio (DPR) is currently 42.74%.

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.