Congress Asset Management Co. Invests $119.69 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Congress Asset Management Co. purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,345,750 shares of the apparel retailer’s stock, valued at approximately $119,691,000. Congress Asset Management Co. owned about 2.72% of American Eagle Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Seven Eight Capital LP acquired a new stake in shares of American Eagle Outfitters in the 1st quarter valued at about $1,445,000. Bayesian Capital Management LP acquired a new position in American Eagle Outfitters during the first quarter worth about $598,000. UniSuper Management Pty Ltd bought a new stake in American Eagle Outfitters in the first quarter worth about $941,000. SG Americas Securities LLC lifted its holdings in American Eagle Outfitters by 417.2% in the 2nd quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock valued at $3,504,000 after acquiring an additional 141,628 shares during the last quarter. Finally, Capstone Investment Advisors LLC raised its holdings in shares of American Eagle Outfitters by 172.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 106,906 shares of the apparel retailer’s stock worth $2,757,000 after purchasing an additional 67,680 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded up $0.01 during trading hours on Thursday, hitting $19.90. 332,954 shares of the company’s stock were exchanged, compared to its average volume of 4,503,827. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.02 and a beta of 1.51. The company’s 50-day moving average price is $20.59 and its 200-day moving average price is $21.37. American Eagle Outfitters, Inc. has a 1-year low of $15.92 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently commented on AEO shares. Barclays lowered their price objective on shares of 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. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. TD Cowen decreased their target price 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. Telsey Advisory Group restated a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Finally, UBS Group decreased their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.75.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares in the company, valued at approximately $4,367,304.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer M. Foyle sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the sale, the insider now directly owns 200,427 shares in the company, valued at approximately $4,367,304.33. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 over the last 90 days. 7.30% of the stock is owned by company insiders.

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.