Stifel Financial Corp Sells 644 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Stifel Financial Corp reduced its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,148 shares of the apparel retailer’s stock after selling 644 shares during the period. Stifel Financial Corp’s holdings in American Eagle Outfitters were worth $1,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Congress Asset Management Co. bought a new position in American Eagle Outfitters during the third quarter worth $119,691,000. American Century Companies Inc. increased its holdings in shares of American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares during the period. Victory Capital Management Inc. increased its holdings in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of American Eagle Outfitters by 179.1% in the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after buying an additional 1,726,982 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. TD Cowen reduced their price objective 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $23.00 price target (down previously from $27.00) on shares of American Eagle Outfitters in a report on Wednesday, December 4th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. BMO Capital Markets decreased their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. Finally, Jefferies Financial Group dropped their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Up 2.0 %

Shares of NYSE AEO opened at $16.69 on Friday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12-month low of $16.20 and a 12-month high of $26.44. The firm’s 50-day simple moving average is $18.77 and its 200 day simple moving average is $20.03.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $0.49 earnings per share. American Eagle Outfitters’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.00%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling

In other news, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders have sold 50,703 shares of company stock valued at $1,108,738 in the last 90 days. 7.30% of the stock is owned by insiders.

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.