American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Axa S.A.

Axa S.A. boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 133.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 85,345 shares of the apparel retailer’s stock after purchasing an additional 48,799 shares during the quarter. Axa S.A.’s holdings in American Eagle Outfitters were worth $1,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AEO. Nomura Asset Management Co. Ltd. grew its holdings in American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 600 shares in the last quarter. Parallel Advisors LLC increased its holdings in American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 905 shares during the last quarter. Arizona State Retirement System lifted its holdings in American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after buying an additional 963 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of American Eagle Outfitters by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after acquiring an additional 1,000 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after acquiring an additional 1,020 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,996 shares of company stock worth $20,499,893 over the last ninety days. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Trading Up 2.0 %

NYSE AEO opened at $22.39 on Tuesday. The company has a 50-day moving average price of $20.76 and a two-hundred day moving average price of $21.95. American Eagle Outfitters, Inc. has a 52 week low of $15.68 and a 52 week high of $26.44. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 45.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AEO shares. TD Cowen reduced their price objective on 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, August 29th. Barclays lowered their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. UBS Group cut their target price on shares of 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, StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.00.

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.