State Street Corp Buys 9,743 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

State Street Corp grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,141,470 shares of the apparel retailer’s stock after purchasing an additional 9,743 shares during the quarter. State Street Corp owned about 3.72% of American Eagle Outfitters worth $159,898,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new position in American Eagle Outfitters in the 3rd quarter worth $32,000. Advisors Asset Management Inc. increased its stake in shares of 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 in the last quarter. Innealta Capital LLC bought a new position in shares of American Eagle Outfitters in the 2nd quarter worth about $78,000. nVerses Capital LLC bought a new position in shares of American Eagle Outfitters in the 2nd quarter worth about $108,000. Finally, Picton Mahoney Asset Management bought a new position in shares of American Eagle Outfitters in the 2nd quarter worth about $140,000. 97.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David M. Sable sold 18,420 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the sale, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. The trade was a 31.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,050,702 shares of company stock worth $21,148,718. Company insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. UBS Group cut their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Jefferies Financial Group cut their price objective 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. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 price objective (down from $27.00) on shares of American Eagle Outfitters in a research report on Wednesday, December 4th. Finally, Bank of America cut their price objective on shares of American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.40.

American Eagle Outfitters Trading Down 0.9 %

AEO opened at $17.19 on Friday. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.12 and a beta of 1.51. The company’s 50 day moving average is $19.17 and its 200 day moving average is $20.24. American Eagle Outfitters, Inc. has a 12-month low of $16.88 and a 12-month 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 analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.49 EPS. The firm’s revenue was down .9% compared to the same quarter last year. As a group, analysts predict that American Eagle Outfitters, Inc. will post 1.69 EPS for the current fiscal 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 paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters’s payout ratio is 42.74%.

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.