American Eagle Outfitters, Inc. (NYSE:AEO) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 40.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,370,626 shares of the apparel retailer’s stock after buying an additional 1,262,693 shares during the period. Victory Capital Management Inc. owned about 2.28% of American Eagle Outfitters worth $97,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aigen Investment Management LP acquired a new stake in shares of American Eagle Outfitters during the third quarter valued at approximately $706,000. Versor Investments LP raised its stake in American Eagle Outfitters by 134.2% during the 3rd quarter. Versor Investments LP now owns 65,800 shares of the apparel retailer’s stock valued at $1,473,000 after purchasing an additional 37,700 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of American Eagle Outfitters by 3.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 88,237 shares of the apparel retailer’s stock valued at $1,976,000 after purchasing an additional 3,264 shares in the last quarter. ABLE Financial Group LLC boosted its position in shares of American Eagle Outfitters by 18.4% in the third quarter. ABLE Financial Group LLC now owns 22,634 shares of the apparel retailer’s stock worth $507,000 after buying an additional 3,515 shares during the period. Finally, Verity Asset Management Inc. purchased a new position in shares of American Eagle Outfitters during the third quarter valued at $470,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters 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 transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 over the last 90 days. 7.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Stock Up 2.1 %

Shares of AEO opened at $18.32 on Thursday. American Eagle Outfitters, Inc. has a 12 month low of $15.92 and a 12 month high of $26.44. The company’s fifty day moving average is $20.12 and its 200-day moving average is $21.10. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.89 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 1.77 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 of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.73%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

AEO has been the subject of several research analyst reports. Jefferies Financial Group reduced their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays decreased their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. TD Cowen dropped 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 reissued a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.

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.