American Eagle Outfitters, Inc. (NYSE:AEO) Short Interest Update

American Eagle Outfitters, Inc. (NYSE:AEO) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 14,980,000 shares, a decline of 6.4% from the October 31st total of 16,000,000 shares. Based on an average trading volume of 4,410,000 shares, the short-interest ratio is presently 3.4 days.

Insider Buying and Selling at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters 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 sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. 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. Company insiders own 7.30% of the company’s stock.

Institutional Investors Weigh In On American Eagle Outfitters

Several institutional investors and hedge funds have recently modified their holdings of AEO. Kathleen S. Wright Associates Inc. bought a new stake in shares of American Eagle Outfitters in the third quarter worth approximately $32,000. Advisors Asset Management Inc. increased its stake in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after acquiring an additional 1,608 shares during the last quarter. Innealta Capital LLC bought a new position in shares of American Eagle Outfitters in the 2nd quarter valued at about $78,000. nVerses Capital LLC purchased a new position in shares of American Eagle Outfitters during the second quarter valued at approximately $108,000. Finally, Picton Mahoney Asset Management bought a new position in shares of American Eagle Outfitters in the second quarter worth about $140,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AEO shares. Barclays dropped their price target on shares of 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. Jefferies Financial Group dropped their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. UBS Group lowered their price objective on shares of 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. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, TD Cowen dropped their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

American Eagle Outfitters Stock Performance

NYSE:AEO traded up $0.02 during trading hours on Tuesday, reaching $19.95. The stock had a trading volume of 4,931,488 shares, compared to its average volume of 4,537,880. The stock has a market cap of $3.83 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. The stock has a 50 day simple moving average of $19.78 and a 200 day simple moving average of $20.52. American Eagle Outfitters has a 12-month low of $16.88 and a 12-month high of $26.44.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.51%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 40.00%.

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.