BNP Paribas Financial Markets Has $8.37 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

BNP Paribas Financial Markets grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,675 shares of the apparel retailer’s stock after purchasing an additional 76,529 shares during the period. BNP Paribas Financial Markets owned about 0.19% of American Eagle Outfitters worth $8,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Congress Asset Management Co. bought a new position in American Eagle Outfitters in the third quarter worth $119,691,000. Victory Capital Management Inc. lifted its holdings in shares of American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after acquiring an additional 1,936,938 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Eagle Outfitters by 179.1% during the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after acquiring an additional 1,726,982 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in American Eagle Outfitters in the second quarter valued at about $16,861,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Up 3.6 %

Shares of AEO opened at $19.94 on Tuesday. The stock’s fifty day simple moving average is $19.79 and its 200-day simple moving average is $20.55. The firm has a market capitalization of $3.83 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.52. American Eagle Outfitters, Inc. has a 12-month low of $16.88 and a 12-month high of $26.44.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.51%. American Eagle Outfitters’s payout ratio is presently 40.00%.

Insider Buying and Selling

In related 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 transaction 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 36.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock valued at $21,148,718 over the last ninety days. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TD Cowen decreased their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. 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 report on Tuesday, November 12th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, Barclays cut 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. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.