Citigroup Inc. Purchases 69,662 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Citigroup Inc. lifted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 41.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 239,688 shares of the apparel retailer’s stock after buying an additional 69,662 shares during the period. Citigroup Inc.’s holdings in American Eagle Outfitters were worth $5,367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters in the third quarter worth approximately $32,000. Advisors Asset Management Inc. grew its position in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares during the period. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at $78,000. nVerses Capital LLC acquired a new position in shares of American Eagle Outfitters during the 2nd quarter valued at $108,000. Finally, Picton Mahoney Asset Management bought a new position in American Eagle Outfitters during the second quarter worth $140,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $20,039,979.96. Following the sale, 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 36.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of several research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, November 27th. Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. UBS Group cut their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Trading Up 3.6 %

Shares of American Eagle Outfitters stock opened at $19.24 on Monday. The company has a market capitalization of $3.70 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. The stock has a fifty day simple moving average of $19.79 and a 200 day simple moving average of $20.57. American Eagle Outfitters, Inc. has a 12-month low of $16.88 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 earnings per share (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 during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s payout ratio is 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.