Polymer Capital Management HK LTD Purchases 22,100 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Polymer Capital Management HK LTD raised its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 182.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,200 shares of the apparel retailer’s stock after purchasing an additional 22,100 shares during the period. Polymer Capital Management HK LTD’s holdings in American Eagle Outfitters were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. NFJ Investment Group LLC acquired a new position in American Eagle Outfitters in the third quarter valued at approximately $2,680,000. Maverick Capital Ltd. acquired a new stake in shares of American Eagle Outfitters during the third quarter worth $3,553,000. Verition Fund Management LLC increased its holdings in American Eagle Outfitters by 206.2% in the third quarter. Verition Fund Management LLC now owns 49,148 shares of the apparel retailer’s stock valued at $1,100,000 after purchasing an additional 33,095 shares during the last quarter. Martingale Asset Management L P acquired a new position in American Eagle Outfitters in the third quarter valued at about $319,000. Finally, Hantz Financial Services Inc. bought a new position in American Eagle Outfitters during the third quarter worth about $1,577,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

AEO stock opened at $19.95 on Wednesday. The business’s fifty day moving average price is $19.77 and its two-hundred day moving average price is $20.50. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 0.99 and a beta of 1.51. American Eagle Outfitters, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $26.44.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.51%. American Eagle Outfitters’s payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of 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. TD Cowen reduced their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. UBS Group lowered their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. Finally, StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction 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 transaction, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. The trade was a 31.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,050,702 shares of company stock worth $21,148,718. Company insiders own 7.30% of the company’s stock.

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.