Y Intercept Hong Kong Ltd Reduces Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Y Intercept Hong Kong Ltd lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 58.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,984 shares of the apparel retailer’s stock after selling 20,751 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American Eagle Outfitters were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in shares of American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after acquiring an additional 268,326 shares during the period. Congress Asset Management Co. purchased a new stake in American Eagle Outfitters in the third quarter worth $119,691,000. American Century Companies Inc. raised its holdings in American Eagle Outfitters by 18.1% in the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares in the last quarter. Victory Capital Management Inc. lifted its position in American Eagle Outfitters by 40.6% during the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after buying an additional 1,262,693 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of American Eagle Outfitters by 36.4% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. UBS Group lowered their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $23.00 price target (down previously from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. Barclays reduced their price objective on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Up 0.6 %

Shares of NYSE AEO opened at $17.20 on Wednesday. The firm’s 50-day moving average price is $19.01 and its 200-day moving average price is $20.12. American Eagle Outfitters, Inc. has a 52-week low of $16.70 and a 52-week high of $26.44. The company has a market cap of $3.30 billion, a PE ratio of 14.70, a PEG ratio of 1.12 and a beta of 1.51.

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

American Eagle Outfitters Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.91%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the company’s 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 transaction, the director now directly owns 39,356 shares in the company, valued at $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Corporate insiders own 7.30% of the company’s stock.

About American Eagle Outfitters

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.