American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 50.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,343 shares of the apparel retailer’s stock after selling 30,018 shares during the quarter. Royce & Associates LP’s holdings in American Eagle Outfitters were worth $657,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter worth about $32,000. Innealta Capital LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $78,000. nVerses Capital LLC bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $108,000. Picton Mahoney Asset Management bought a new position in American Eagle Outfitters in the 2nd quarter worth approximately $140,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at approximately $199,000. 97.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. The trade was a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 over the last 90 days. 7.30% of the stock is owned by company insiders.

American Eagle Outfitters Stock Down 0.9 %

AEO opened at $17.28 on Thursday. The firm has a market cap of $3.32 billion, a PE ratio of 13.82, a P/E/G ratio of 0.92 and a beta of 1.52. The business has a fifty day simple moving average of $20.00 and a 200-day simple moving average of $20.87. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44.

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

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analysts Forecast Growth

AEO has been the subject of a number of analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays decreased 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 report on Friday, August 30th. UBS Group dropped their target price on 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, TD Cowen cut their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

American Eagle Outfitters Company 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.