Victory Capital Management Inc. Buys 1,262,693 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Victory Capital Management Inc. lifted its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 40.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,370,626 shares of the apparel retailer’s stock after acquiring an additional 1,262,693 shares during the period. Victory Capital Management Inc.’s holdings in American Eagle Outfitters were worth $97,858,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $32,000. Innealta Capital LLC acquired a new position in shares of American Eagle Outfitters in the second quarter valued at $78,000. nVerses Capital LLC bought a new position in American Eagle Outfitters in the second quarter worth $108,000. Picton Mahoney Asset Management acquired a new stake in American Eagle Outfitters during the second quarter worth $140,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in American Eagle Outfitters in the 3rd quarter valued at $199,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AEO shares. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday. Barclays cut their price target on shares of 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. 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. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Finally, StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $25.00.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David M. Sable sold 18,420 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now owns 39,356 shares of the company’s stock, valued at $867,406.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last 90 days. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Price Performance

Shares of AEO 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 one year low of $15.92 and a one year high of $26.44. The business’s 50 day simple moving average is $20.12 and its 200-day simple moving average is $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 (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued 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 was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

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.