Leuthold Group LLC Lowers Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Leuthold Group LLC trimmed its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,123 shares of the apparel retailer’s stock after selling 6,172 shares during the period. Leuthold Group LLC owned approximately 0.07% of American Eagle Outfitters worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC raised its holdings in shares of American Eagle Outfitters by 81.1% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after acquiring an additional 1,148 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter worth approximately $78,000. nVerses Capital LLC bought a new position in shares of American Eagle Outfitters during the 2nd quarter valued at approximately $108,000. Finally, Picton Mahoney Asset Management bought a new position in shares of American Eagle Outfitters during the 2nd quarter valued at approximately $140,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Up 0.9 %

Shares of American Eagle Outfitters stock opened at $19.86 on Monday. The stock’s fifty day moving average is $20.67 and its two-hundred day moving average is $21.43. The company has a market capitalization of $3.90 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. American Eagle Outfitters, Inc. has a 52 week low of $15.92 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is 45.05%.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEO. Barclays cut their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. TD Cowen cut their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. UBS Group cut their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.75.

Insiders Place Their Bets

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the company’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 completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’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 $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by company insiders.

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.