Covestor Ltd Trims Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Covestor Ltd decreased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,592 shares of the apparel retailer’s stock after selling 902 shares during the quarter. Covestor Ltd’s holdings in American Eagle Outfitters were worth $58,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at $32,000. Innealta Capital LLC acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $78,000. nVerses Capital LLC acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $108,000. Picton Mahoney Asset Management acquired a new position in American Eagle Outfitters in the 2nd quarter valued at $140,000. Finally, DekaBank Deutsche Girozentrale increased its stake in American Eagle Outfitters by 408.6% in the 2nd 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 during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com cut 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 price target 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. Barclays lowered their price target 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. TD Cowen lowered their price target 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Stock Down 0.7 %

American Eagle Outfitters stock opened at $18.20 on Friday. The firm has a market capitalization of $3.50 billion, a PE ratio of 14.56, a P/E/G ratio of 0.89 and a beta of 1.52. The firm’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $21.08. American Eagle Outfitters, Inc. has a 52 week low of $15.92 and a 52 week high of $26.44.

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

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.75%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the 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 transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This represents a 36.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The stock was 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. Insiders have sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last three months. Company insiders own 7.30% of the company’s stock.

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.