American Eagle Outfitters, Inc. $AEO Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 58.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,260 shares of the apparel retailer’s stock after selling 42,128 shares during the period. Fox Run Management L.L.C.’s holdings in American Eagle Outfitters were worth $518,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AEO. Jackson Creek Investment Advisors LLC purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at about $407,000. SummerHaven Investment Management LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $1,426,000. XTX Topco Ltd increased its holdings in shares of American Eagle Outfitters by 59.6% in the second quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock valued at $1,045,000 after purchasing an additional 40,563 shares during the last quarter. Convergence Investment Partners LLC acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $4,165,000. Finally, Savant Capital LLC lifted its position in American Eagle Outfitters by 170.8% during the second quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock worth $396,000 after buying an additional 25,962 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AEO shares. Bank of America upped their target price on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, December 3rd. UBS Group boosted their price target on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Telsey Advisory Group restated a “market perform” rating and set a $28.00 price objective on shares of American Eagle Outfitters in a research report on Thursday. The Goldman Sachs Group began coverage on shares of American Eagle Outfitters in a research note on Thursday, December 11th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price target for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.45.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the transaction, the insider directly owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. This represents a 55.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 246,839 shares of company stock valued at $6,004,388. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $24.57 on Friday. The company’s 50 day simple moving average is $25.26 and its 200-day simple moving average is $20.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 6.43 and a beta of 1.42.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.48 EPS. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s payout ratio is currently 43.10%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.