American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 106,388 shares of the apparel retailer’s stock after selling 6,317 shares during the quarter. Tidal Investments LLC’s holdings in American Eagle Outfitters were worth $2,382,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new position in American Eagle Outfitters during the third quarter valued at $3,731,000. NFJ Investment Group LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth about $2,680,000. Zacks Investment Management purchased a new position in American Eagle Outfitters in the 3rd quarter valued at about $931,000. Victory Capital Management Inc. boosted its holdings in American Eagle Outfitters by 165.4% in 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 during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $16,861,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEO. Jefferies Financial Group decreased their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Barclays decreased their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday. They set a “market perform” rating for the company. Bank of America decreased their price target on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, December 5th. Finally, TD Cowen dropped 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 research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.40.

Insider Buying and Selling at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 30,000 shares of the business’s stock in a transaction 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 sale, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. The trade was a 13.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Sable sold 18,420 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the transaction, the director now owns 39,356 shares of the company’s stock, 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 have sold 1,050,702 shares of company stock valued at $21,148,718 over the last 90 days. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $17.20 on Monday. The company has a market capitalization of $3.30 billion, a P/E ratio of 14.70, a P/E/G ratio of 1.12 and a beta of 1.51. The company has a 50 day simple moving average of $19.17 and a 200-day simple moving average of $20.19. American Eagle Outfitters, Inc. has a 1 year low of $16.88 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.69 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 2.91%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

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.