Quest Partners LLC Has $342,000 Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Quest Partners LLC lifted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 40.3% in the third quarter, HoldingsChannel.com reports. The firm owned 15,273 shares of the apparel retailer’s stock after acquiring an additional 4,384 shares during the period. Quest Partners LLC’s holdings in American Eagle Outfitters were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Congress Asset Management Co. acquired a new position in American Eagle Outfitters during the third quarter worth $119,691,000. American Century Companies Inc. raised its position in shares of American Eagle Outfitters by 18.1% during 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 during the period. Victory Capital Management Inc. raised its position in shares of American Eagle Outfitters by 40.6% during the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares during the period. Jupiter Asset Management Ltd. raised its position 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. Finally, Principal Financial Group Inc. raised its position 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 purchasing an additional 1,726,982 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Performance

AEO opened at $18.67 on Tuesday. The firm has a market cap of $3.59 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52-week low of $16.57 and a 52-week high of $26.44. The business’s fifty day moving average is $19.90 and its 200-day moving average is $20.71.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.25 EPS. American Eagle Outfitters’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.68%. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays reduced their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. TD Cowen reduced their target price on 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 decreased their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed 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 analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $25.00.

Insider Buying and Selling

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $22.04, for a total value of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares in the company, valued at approximately $867,406.24. This trade represents a 31.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock worth $21,148,718 in the last ninety days. 7.30% of the stock is owned by insiders.

American Eagle Outfitters 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.