Wedge Capital Management L L P NC Grows Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Wedge Capital Management L L P NC increased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 26.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,350 shares of the apparel retailer’s stock after purchasing an additional 24,551 shares during the quarter. Wedge Capital Management L L P NC’s holdings in American Eagle Outfitters were worth $2,650,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new position in shares of American Eagle Outfitters during the first quarter worth about $3,457,000. Seven Eight Capital LP purchased a new position in American Eagle Outfitters in the first quarter worth approximately $1,445,000. Bayesian Capital Management LP acquired a new position in American Eagle Outfitters during the 1st quarter worth approximately $598,000. UniSuper Management Pty Ltd purchased a new stake in shares of American Eagle Outfitters in the 1st quarter valued at approximately $941,000. Finally, SG Americas Securities LLC raised its holdings in shares of American Eagle Outfitters by 417.2% in the 2nd 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. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the sale, the insider now owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now owns 200,427 shares in the company, valued at $4,367,304.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,048,419 shares of company stock valued at $21,099,657 in the last ninety days. 7.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AEO shares. UBS Group lowered their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Barclays lowered their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. TD Cowen cut 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.75.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $21.05 on Wednesday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44. The firm has a 50-day simple moving average of $20.76 and a 200-day simple moving average of $21.67.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.38%. American Eagle Outfitters’s payout ratio is currently 45.05%.

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.