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

Amalgamated Bank decreased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,707 shares of the apparel retailer’s stock after selling 3,724 shares during the period. Amalgamated Bank’s holdings in American Eagle Outfitters were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AEO. Congress Asset Management Co. purchased a new position in American Eagle Outfitters in the third quarter valued at $119,691,000. Jupiter Asset Management Ltd. purchased a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $61,315,000. Victory Capital Management Inc. grew its position in shares of 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 worth $62,034,000 after buying an additional 1,936,938 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of 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 worth $53,722,000 after buying an additional 1,726,982 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of American Eagle Outfitters during the second quarter worth approximately $16,861,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $22.04, for a total value of $405,976.80. Following the transaction, the director now directly owns 39,356 shares of the company’s stock, valued at approximately $867,406.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The trade was a 0.00 % decrease in their position. 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. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $18.32 on Thursday. The company has a market capitalization of $3.52 billion, a P/E ratio of 14.66, a PEG ratio of 0.89 and a beta of 1.52. American Eagle Outfitters, Inc. has a fifty-two week low of $15.92 and a fifty-two week high of $26.44. The stock has a 50-day simple moving average of $20.12 and a 200-day simple moving average of $21.10.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data 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 during 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 firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. As a group, analysts forecast that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on AEO shares. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Jefferies Financial Group lowered their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays cut their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. UBS Group lowered 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. Finally, Telsey Advisory Group reiterated 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 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, the company presently has an average rating of “Hold” and an average price target 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.