Wilmington Savings Fund Society FSB Invests $141,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Wilmington Savings Fund Society FSB purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,295 shares of the apparel retailer’s stock, valued at approximately $141,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEO. Investors Research Corp increased its stake in shares of American Eagle Outfitters by 1.4% during the third 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 during the period. Arizona State Retirement System increased its position in American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the period. Louisiana State Employees Retirement System raised its holdings in American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of American Eagle Outfitters by 2.1% in the 3rd 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 during the period. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters in the 3rd quarter worth about $32,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 0.2 %

Shares of American Eagle Outfitters stock opened at $16.36 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $16.20 and a twelve month high of $26.44. The company’s 50 day moving average is $18.85 and its 200 day moving average is $20.07. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results 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 20.75% 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 period in the prior year, the firm earned $0.49 EPS. 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 1.69 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.06%. American Eagle Outfitters’s payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Sable sold 18,420 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,703 shares of company stock worth $1,108,738 in the last three months. 7.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group reduced their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. BMO Capital Markets reduced their price target on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. Bank of America decreased their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, December 5th. UBS Group dropped their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $23.00 price target (down from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $22.40.

About American Eagle Outfitters

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.