Sei Investments Co. Acquires 187,196 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Sei Investments Co. grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 264.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 257,914 shares of the apparel retailer’s stock after acquiring an additional 187,196 shares during the quarter. Sei Investments Co.’s holdings in American Eagle Outfitters were worth $5,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Parallel Advisors LLC boosted its stake in American Eagle Outfitters by 299.7% in the 4th 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 in the last quarter. UMB Bank n.a. bought a new position in shares of American Eagle Outfitters during the first quarter valued at $27,000. NBC Securities Inc. acquired a new stake in shares of American Eagle Outfitters in the 1st quarter valued at $59,000. CWM LLC boosted its stake 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 purchasing an additional 1,020 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its holdings in shares of American Eagle Outfitters by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,148 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now directly owns 39,356 shares in the company, valued at $867,406.24. The disclosure for this sale can be found here. Insiders sold a total of 1,020,996 shares of company stock valued at $20,499,893 over the last three months. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Trading Down 2.3 %

American Eagle Outfitters stock opened at $21.89 on Wednesday. The company has a market cap of $4.30 billion, a PE ratio of 19.72, a PEG ratio of 1.01 and a beta of 1.50. American Eagle Outfitters, Inc. has a 1 year low of $15.68 and a 1 year high of $26.44. The company’s 50-day moving average is $20.77 and its two-hundred day moving average is $21.94.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% compared to the same quarter last year. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.28%. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEO. TD Cowen cut their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a 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 for the company in a research note on Friday, August 30th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays cut their price objective on 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. Finally, Telsey Advisory Group restated a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $26.00.

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.