American Eagle Outfitters, Inc. $AEO Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,830,964 shares of the apparel retailer’s stock after selling 268,800 shares during the period. Geode Capital Management LLC owned approximately 2.21% of American Eagle Outfitters worth $36,859,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AEO. DekaBank Deutsche Girozentrale boosted its position in American Eagle Outfitters by 220.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,843 shares of the apparel retailer’s stock worth $58,000 after purchasing an additional 4,020 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of American Eagle Outfitters by 43.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,978 shares of the apparel retailer’s stock worth $58,000 after buying an additional 1,805 shares during the last quarter. AlphaQuest LLC raised its stake in shares of American Eagle Outfitters by 654,400.0% during the 1st quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer’s stock worth $76,000 after buying an additional 6,544 shares during the last quarter. Arista Wealth Management LLC purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $96,000. Finally, Diligent Investors LLC acquired a new stake in American Eagle Outfitters in the 2nd quarter valued at about $97,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $20.29 on Thursday. The business’s 50-day moving average price is $16.99 and its 200 day moving average price is $13.75. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $20.65. The company has a market capitalization of $3.44 billion, a PE ratio of 19.50 and a beta of 1.58.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 48.08%.

Insider Buying and Selling

In related news, Director David M. Sable sold 5,000 shares of American Eagle Outfitters stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $19.22, for a total value of $96,100.00. Following the transaction, the director owned 48,640 shares in the company, valued at approximately $934,860.80. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janice E. Page sold 26,869 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.04, for a total value of $484,716.76. Following the sale, the director owned 90,383 shares of the company’s stock, valued at $1,630,509.32. This represents a 22.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 138,766 shares of company stock worth $2,515,354 over the last 90 days. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of several recent research reports. Citigroup upped their price target on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Barclays lifted their price objective on American Eagle Outfitters from $9.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 target price on shares of American Eagle Outfitters in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a report on Wednesday, October 8th. Finally, Wall Street Zen raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.11.

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.