Quest Partners LLC Increases Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Quest Partners LLC raised its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 40.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,273 shares of the apparel retailer’s stock after acquiring an additional 4,384 shares during the quarter. Quest Partners LLC’s holdings in American Eagle Outfitters were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AEO. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters during the 3rd quarter worth about $32,000. Innealta Capital LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $78,000. nVerses Capital LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $108,000. Picton Mahoney Asset Management acquired a new position in American Eagle Outfitters during the second quarter valued at approximately $140,000. Finally, DekaBank Deutsche Girozentrale lifted its position in American Eagle Outfitters by 408.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer’s stock valued at $183,000 after buying an additional 7,449 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other American Eagle Outfitters news, 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 owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. This trade represents a 13.02 % 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 in the last 90 days. Company insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group reduced their price target on shares of 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. 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 note on Tuesday, November 12th. TD Cowen decreased their price objective 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Finally, Barclays reduced their price target 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Trading Up 6.0 %

Shares of American Eagle Outfitters stock opened at $18.67 on Tuesday. The company’s 50-day moving average price is $19.90 and its two-hundred day moving average price is $20.71. American Eagle Outfitters, Inc. has a 52 week low of $16.57 and a 52 week high of $26.44. The stock has a market cap of $3.59 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 EPS. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.68%. American Eagle Outfitters’s dividend payout ratio is 40.00%.

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.