American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,300 shares of the apparel retailer’s stock after selling 4,800 shares during the period. Swiss National Bank’s holdings in American Eagle Outfitters were worth $8,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters during the third quarter valued at approximately $32,000. Innealta Capital LLC acquired a new position in American Eagle Outfitters during the second quarter valued at approximately $78,000. nVerses Capital LLC acquired a new position in American Eagle Outfitters during the second quarter valued at approximately $108,000. Picton Mahoney Asset Management acquired a new position in American Eagle Outfitters during the second quarter valued at approximately $140,000. Finally, DekaBank Deutsche Girozentrale lifted its position in American Eagle Outfitters by 408.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer’s stock valued at $183,000 after buying an additional 7,449 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David M. Sable sold 18,420 shares of the company’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 sale, the director now directly owns 39,356 shares of the company’s stock, valued at $867,406.24. The trade was a 31.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Trading Up 6.0 %

AEO stock opened at $18.67 on Tuesday. American Eagle Outfitters, Inc. has a one year low of $16.57 and a one year high of $26.44. The firm has a market capitalization of $3.59 billion, a PE ratio of 14.94, a P/E/G ratio of 0.88 and a beta of 1.52. The firm has a 50-day moving average of $19.90 and a two-hundred day moving average of $20.71.

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, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued 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 2.68%. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

AEO has been the topic of a number of recent research reports. TD Cowen reduced their price target on shares of 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. Jefferies Financial Group reduced 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 research report on Tuesday, November 12th. Barclays reduced their target price 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. UBS Group reduced their target price 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. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $25.00.

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.