American Eagle Outfitters, Inc. $AEO Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,200 shares of the apparel retailer’s stock after selling 40,400 shares during the period. Swiss National Bank’s holdings in American Eagle Outfitters were worth $3,013,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AEO. DekaBank Deutsche Girozentrale raised its position in shares of American Eagle Outfitters by 220.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 5,843 shares of the apparel retailer’s stock worth $58,000 after buying an additional 4,020 shares during the period. Asset Management One Co. Ltd. increased its stake in American Eagle Outfitters by 43.3% during the second quarter. Asset Management One Co. Ltd. now owns 5,978 shares of the apparel retailer’s stock worth $58,000 after acquiring an additional 1,805 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of American Eagle Outfitters by 654,400.0% in the 1st quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 6,544 shares during the period. Arista Wealth Management LLC acquired a new position in shares of American Eagle Outfitters in the 2nd quarter valued at about $96,000. Finally, Diligent Investors LLC acquired a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $97,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 54,950 shares of American Eagle Outfitters stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the transaction, the insider directly owned 221,107 shares in the company, valued at approximately $4,010,880.98. This trade represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The SEC filing for this sale provides additional information. Insiders sold 138,766 shares of company stock worth $2,515,354 over the last 90 days. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $24.25 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.63 and a debt-to-equity ratio of 0.13. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $24.66. The business has a 50 day moving average price of $17.40 and a two-hundred day moving average price of $14.14. The firm has a market cap of $4.11 billion, a PE ratio of 20.91 and a beta of 1.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.American Eagle Outfitters’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is 43.10%.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of recent research reports. BTIG Research assumed coverage on shares of American Eagle Outfitters in a research report on Thursday, September 18th. They set a “neutral” rating on the stock. Bank of America raised their target price on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday. Morgan Stanley set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Jefferies Financial Group upped their target price on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.10.

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.