Chartwell Investment Partners LLC Cuts Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Chartwell Investment Partners LLC trimmed its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 47.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,101 shares of the apparel retailer’s stock after selling 21,556 shares during the period. Chartwell Investment Partners LLC’s holdings in American Eagle Outfitters were worth $540,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AEO. Kathleen S. Wright Associates Inc. bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $32,000. Innealta Capital LLC bought a new position in American Eagle Outfitters during the second quarter valued at approximately $78,000. nVerses Capital LLC purchased a new position in shares of American Eagle Outfitters during the second quarter worth approximately $108,000. Picton Mahoney Asset Management bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth approximately $140,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $199,000. 97.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays decreased 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 report on Friday, August 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group decreased their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday. UBS Group dropped their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price 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 issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.00.

Insiders Place Their Bets

In other news, Director David M. Sable sold 18,420 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the transaction, the director now owns 39,356 shares in the company, valued at $867,406.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David M. Sable sold 18,420 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the sale, the director now directly owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Up 2.1 %

Shares of AEO stock opened at $18.32 on Thursday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 0.89 and a beta of 1.52. The stock has a fifty day moving average of $20.12 and a 200 day moving average of $21.10. 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 posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 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 analysts’ expectations of $1.31 billion. During the same period last year, the company posted $0.25 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

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 dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.73%. American Eagle Outfitters’s dividend payout ratio (DPR) 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.