Dupree Financial Group LLC Takes $3.15 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Dupree Financial Group LLC bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 140,501 shares of the apparel retailer’s stock, valued at approximately $3,146,000. American Eagle Outfitters comprises approximately 1.3% of Dupree Financial Group LLC’s holdings, making the stock its 29th largest position. Dupree Financial Group LLC owned 0.07% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEO. Seven Eight Capital LP acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth about $1,445,000. Bayesian Capital Management LP bought a new stake in American Eagle Outfitters in the first quarter valued at approximately $598,000. UniSuper Management Pty Ltd bought a new stake in American Eagle Outfitters in the first quarter valued at approximately $941,000. SG Americas Securities LLC lifted its position in shares of American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock valued at $3,504,000 after buying an additional 141,628 shares during the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of American Eagle Outfitters by 172.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 106,906 shares of the apparel retailer’s stock worth $2,757,000 after acquiring an additional 67,680 shares during the period. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Trading Down 4.2 %

Shares of AEO stock opened at $19.74 on Wednesday. The stock has a market cap of $3.88 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. American Eagle Outfitters, Inc. has a 1 year low of $15.92 and a 1 year high of $26.44. The stock has a 50 day simple moving average of $20.79 and a 200 day simple moving average of $21.55.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. American Eagle Outfitters’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. Analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.53%. American Eagle Outfitters’s dividend payout ratio (DPR) is 45.05%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters 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 sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated Thursday, September 19th. The shares were 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 of the company’s stock, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 over the last three months. Corporate insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

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

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.