AlphaMark Advisors LLC Has $340,000 Position in American Eagle Outfitters, Inc. (NYSE:AEO)

AlphaMark Advisors LLC grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 17.2% in the third quarter, Holdings Channel.com reports. The firm owned 15,173 shares of the apparel retailer’s stock after purchasing an additional 2,225 shares during the period. AlphaMark Advisors LLC’s holdings in American Eagle Outfitters were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in American Eagle Outfitters by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after acquiring an additional 310,808 shares in the last quarter. American Century Companies Inc. lifted its position in shares of American Eagle Outfitters by 18.1% in the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of American Eagle Outfitters by 36.4% during the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock worth $64,727,000 after purchasing an additional 865,355 shares during the period. Victory Capital Management Inc. grew its position in American Eagle Outfitters by 165.4% during the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after purchasing an additional 1,936,938 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in American Eagle Outfitters by 179.1% during the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock valued at $53,722,000 after purchasing an additional 1,726,982 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 30,000 shares of the business’s 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 transaction, the insider now owns 200,427 shares in the company, valued at approximately $4,367,304.33. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock worth $21,148,718 over the last ninety days. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $21.20 on Friday. The business’s 50-day simple moving average is $20.80 and its 200-day simple moving average is $21.63. American Eagle Outfitters, Inc. has a 52 week low of $15.92 and a 52 week high of $26.44. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.36%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEO. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. UBS Group reduced their price objective on 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 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. TD Cowen reduced their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.75.

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.