Martingale Asset Management L P Acquires Shares of 14,248 American Eagle Outfitters, Inc. (NYSE:AEO)

Martingale Asset Management L P bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,248 shares of the apparel retailer’s stock, valued at approximately $319,000.

Other institutional investors also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. purchased a new position in American Eagle Outfitters in the third quarter worth $32,000. Advisors Asset Management Inc. boosted its holdings in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of American Eagle Outfitters in the 2nd quarter worth about $78,000. nVerses Capital LLC purchased a new stake in American Eagle Outfitters during the second quarter worth about $108,000. Finally, Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters in the third quarter worth about $141,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Trading Up 0.1 %

Shares of NYSE:AEO opened at $19.95 on Wednesday. The company has a 50 day moving average of $19.78 and a 200 day moving average of $20.52. The stock has a market cap of $3.83 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.99 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12 month low of $16.88 and a 12 month high of $26.44.

American Eagle Outfitters Dividend Announcement

The firm also recently announced 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. This represents a $0.50 annualized dividend and a yield of 2.51%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s payout ratio is 40.00%.

Analyst Upgrades and Downgrades

AEO has been the subject of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, November 27th. UBS Group dropped their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. TD Cowen cut their price target 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. Barclays decreased their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Finally, StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.00.

Insiders Place Their Bets

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer M. Foyle sold 30,000 shares of American Eagle Outfitters stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the sale, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 in the last ninety days. 7.30% of the stock is currently 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.