Intech Investment Management LLC Invests $3.73 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Intech Investment Management LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 166,617 shares of the apparel retailer’s stock, valued at approximately $3,731,000. Intech Investment Management LLC owned approximately 0.09% of American Eagle Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEO. Bayesian Capital Management LP bought a new position in shares of American Eagle Outfitters in the first quarter worth about $598,000. SG Americas Securities LLC increased its holdings in shares of American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock valued at $3,504,000 after purchasing an additional 141,628 shares in the last quarter. Vanguard Group Inc. raised 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 worth $536,142,000 after purchasing an additional 310,808 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after buying an additional 1,936,938 shares in the last quarter. Finally, Dupree Financial Group LLC bought a new position in American Eagle Outfitters in the 3rd quarter valued at $3,146,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of several research reports. Jefferies Financial Group cut their price target 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. 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. Barclays cut their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, TD Cowen dropped their target price on shares of 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 value of $405,976.80. Following the completion of the sale, the director now directly owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 31.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock worth $21,148,718 over the last quarter. 7.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Stock Up 2.3 %

Shares of AEO stock opened at $17.61 on Friday. American Eagle Outfitters, Inc. has a 12-month low of $16.34 and a 12-month high of $26.44. The firm has a fifty day moving average of $19.91 and a 200-day moving average of $20.77. The firm has a market capitalization of $3.38 billion, a price-to-earnings 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 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. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Research analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

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