Intech Investment Management LLC Purchases Shares of 166,617 American Eagle Outfitters, Inc. (NYSE:AEO)

Intech Investment Management LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 166,617 shares of the apparel retailer’s stock, valued at approximately $3,731,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters during the third quarter worth $32,000. Advisors Asset Management Inc. grew its position in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the period. Innealta Capital LLC acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth about $78,000. nVerses Capital LLC bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at about $108,000. Finally, Picton Mahoney Asset Management acquired a new stake in American Eagle Outfitters in the 2nd quarter valued at about $140,000. Institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEO. UBS Group lowered their price target 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. Jefferies Financial Group lowered their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Barclays reduced their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $25.00.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the sale, the director now directly owns 39,356 shares in the company, valued at $867,406.24. This trade represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last ninety days. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Stock Up 2.3 %

AEO stock opened at $17.61 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $16.34 and a 52 week high of $26.44. The business has a 50-day simple moving average of $19.91 and a 200 day simple moving average of $20.77. The company has a market cap of $3.38 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.86 and a beta of 1.52.

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

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.84%. American Eagle Outfitters’s 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.