American Eagle Outfitters, Inc. (NYSE:AEO) Holdings Cut by Algert Global LLC

Algert Global LLC decreased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 19.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,166 shares of the apparel retailer’s stock after selling 13,444 shares during the quarter. Algert Global LLC’s holdings in American Eagle Outfitters were worth $1,101,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its stake in shares of American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the last quarter. UMB Bank n.a. acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth $27,000. NBC Securities Inc. acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth $59,000. CWM LLC increased its stake in shares of American Eagle Outfitters by 72.3% during the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of American Eagle Outfitters by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,148 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David M. Sable sold 18,420 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,050,996 shares of company stock valued at $21,153,593. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the topic of several analyst reports. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. UBS Group lowered their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. TD Cowen lowered 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 note on Friday, August 30th. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.75.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $22.15 on Friday. American Eagle Outfitters, Inc. has a fifty-two week low of $15.68 and a fifty-two week high of $26.44. The firm has a fifty day moving average price of $20.80 and a two-hundred day moving average price of $21.94. The company has a market cap of $4.35 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm earned $0.25 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s payout ratio is 45.05%.

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.