Swiss National Bank Trims Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Swiss National Bank reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,300 shares of the apparel retailer’s stock after selling 4,800 shares during the quarter. Swiss National Bank owned 0.19% of American Eagle Outfitters worth $8,157,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AEO. Kathleen S. Wright Associates Inc. purchased a new position in American Eagle Outfitters during the third quarter valued at approximately $32,000. Innealta Capital LLC purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $78,000. nVerses Capital LLC purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $108,000. Picton Mahoney Asset Management purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $140,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of American Eagle Outfitters by 408.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer’s stock valued at $183,000 after buying an additional 7,449 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen cut their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Jefferies Financial Group cut their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Barclays dropped their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, UBS Group dropped their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.00.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’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 transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This trade represents a 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. 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. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Price Performance

NYSE AEO opened at $18.67 on Tuesday. The firm’s fifty day moving average price is $19.90 and its 200 day moving average price is $20.71. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. American Eagle Outfitters, Inc. has a 12 month low of $16.57 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS. As a group, sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

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.