Geode Capital Management LLC Sells 19,955 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Geode Capital Management LLC lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,125,840 shares of the apparel retailer’s stock after selling 19,955 shares during the period. Geode Capital Management LLC owned approximately 2.15% of American Eagle Outfitters worth $92,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AEO. Wellington Management Group LLP increased its stake in American Eagle Outfitters by 2.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after purchasing an additional 268,326 shares during the period. Congress Asset Management Co. bought a new stake in American Eagle Outfitters during the 3rd quarter valued at $119,691,000. American Century Companies Inc. boosted its position in American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after buying an additional 684,420 shares during the period. Victory Capital Management Inc. grew its holdings in American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after acquiring an additional 1,262,693 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after acquiring an additional 865,355 shares during the period. Institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,283 shares of the company’s 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 legal filing with the SEC, which is available through the SEC website. Also, Director David M. Sable sold 18,420 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the sale, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,703 shares of company stock worth $1,108,738. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Down 0.2 %

Shares of AEO opened at $16.36 on Friday. The stock has a market cap of $3.14 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.12 and a beta of 1.51. The business’s 50 day moving average price is $18.85 and its 200-day moving average price is $20.07. American Eagle Outfitters, Inc. has a 52 week low of $16.20 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.69 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.125 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.06%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Analysts Set New Price Targets

AEO has been the subject of a number of analyst reports. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group decreased their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Bank of America cut their price target on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Finally, Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $22.40.

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.