SG Americas Securities LLC Trims Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

SG Americas Securities LLC reduced its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 90.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,290 shares of the apparel retailer’s stock after selling 158,286 shares during the period. SG Americas Securities LLC’s holdings in American Eagle Outfitters were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in American Eagle Outfitters by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock valued at $536,142,000 after acquiring an additional 310,808 shares during the period. American Century Companies Inc. increased its position in American Eagle Outfitters by 18.1% in the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after acquiring an additional 684,420 shares during the period. Jupiter Asset Management Ltd. increased its position in American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares during the period. Victory Capital Management Inc. increased its position in American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after acquiring an additional 1,936,938 shares during the period. Finally, Principal Financial Group Inc. increased its position in American Eagle Outfitters by 179.1% in the 2nd quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after acquiring an additional 1,726,982 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Price Performance

AEO opened at $21.50 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 19.37, a P/E/G ratio of 1.02 and a beta of 1.51. The stock’s 50 day simple moving average is $20.80 and its 200 day simple moving average is $21.67. American Eagle Outfitters, Inc. has a 1-year low of $15.92 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.25 EPS. American Eagle Outfitters’s revenue was up 7.5% on a year-over-year basis. Research analysts expect that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 45.05%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Cowen dropped their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research 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 research report on Friday, August 30th. Barclays dropped their target price on 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. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Finally, StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $25.75.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the 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 owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the 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 owns 39,356 shares of the company’s stock, valued at $867,406.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares in the company, valued at $4,367,304.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,048,419 shares of company stock valued at $21,099,657. 7.30% of the stock is owned by corporate insiders.

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.