Soros Capital Management LLC Takes $11.52 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Soros Capital Management LLC bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 514,457 shares of the apparel retailer’s stock, valued at approximately $11,519,000. American Eagle Outfitters accounts for approximately 2.8% of Soros Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding. Soros Capital Management LLC owned 0.27% of American Eagle Outfitters as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new position in shares of American Eagle Outfitters in the first quarter worth about $423,000. Lazard Asset Management LLC lifted its position in American Eagle Outfitters by 76.0% in the first quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock valued at $1,118,000 after purchasing an additional 18,735 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in American Eagle Outfitters by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock valued at $2,907,000 after purchasing an additional 6,940 shares during the last quarter. Bayesian Capital Management LP bought a new position in shares of American Eagle Outfitters in the first quarter worth approximately $598,000. Finally, Tidal Investments LLC grew its holdings in shares of American Eagle Outfitters by 1.3% in the first quarter. Tidal Investments LLC now owns 132,994 shares of the apparel retailer’s stock worth $3,430,000 after purchasing an additional 1,666 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $17.89 on Wednesday. The stock’s 50 day simple moving average is $19.90 and its two-hundred day simple moving average is $20.71. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 0.93 and a beta of 1.52. American Eagle Outfitters, Inc. has a fifty-two week low of $16.57 and a fifty-two week 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 business had revenue of $1.29 billion for 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%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.80%. American Eagle Outfitters’s payout ratio is 40.00%.

Insider Buying and Selling at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David M. Sable sold 18,420 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the sale, the director now directly 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. In the last three months, insiders have sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AEO has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Barclays dropped their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a 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. Jefferies Financial Group dropped their price objective 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. Finally, TD Cowen reduced their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

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.