American Eagle Outfitters, Inc. $AEO Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 38.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,639 shares of the apparel retailer’s stock after selling 28,926 shares during the quarter. GSA Capital Partners LLP’s holdings in American Eagle Outfitters were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in American Eagle Outfitters by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 6,329,202 shares of the apparel retailer’s stock valued at $60,887,000 after acquiring an additional 312,168 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of American Eagle Outfitters by 50.7% during the second quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock worth $13,791,000 after purchasing an additional 482,534 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of American Eagle Outfitters by 9.5% during the second quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock worth $9,595,000 after purchasing an additional 86,241 shares during the last quarter. Panagora Asset Management Inc. grew its stake in American Eagle Outfitters by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 862,000 shares of the apparel retailer’s stock worth $8,292,000 after purchasing an additional 233,357 shares in the last quarter. Finally, AXA S.A. increased its holdings in American Eagle Outfitters by 96.6% in the second quarter. AXA S.A. now owns 861,970 shares of the apparel retailer’s stock valued at $8,292,000 after buying an additional 423,449 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on AEO. TD Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Barclays lifted their price objective on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, January 6th. Morgan Stanley set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, UBS Group lifted their price target on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.45.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $25.27 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. The firm has a market capitalization of $4.28 billion, a PE ratio of 21.78, a P/E/G ratio of 6.61 and a beta of 1.42. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $28.46. The business’s fifty day moving average price is $25.57 and its two-hundred day moving average price is $20.02.

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

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a $0.125 dividend. The ex-dividend date was Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 43.10%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total value of $5,906,042.10. Following the transaction, the insider owned 191,751 shares of the company’s stock, valued at $4,659,549.30. This trade represents a 55.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 246,839 shares of company stock valued at $6,004,388. Insiders own 8.70% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.