Wilmington Savings Fund Society FSB Takes Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Wilmington Savings Fund Society FSB bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 3rd quarter, Holdings Channel reports. The firm bought 6,295 shares of the apparel retailer’s stock, valued at approximately $141,000.

A number of other large investors have also recently made changes to their positions in the company. Congress Asset Management Co. purchased a new position in American Eagle Outfitters in the 3rd quarter worth about $119,691,000. Victory Capital Management Inc. grew its stake in American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after acquiring an additional 1,936,938 shares in the last quarter. Principal Financial Group Inc. raised 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 valued at $53,722,000 after acquiring an additional 1,726,982 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after purchasing an additional 865,355 shares during the period. Finally, Renaissance Technologies LLC bought a new position in American Eagle Outfitters in the second quarter worth approximately $16,861,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 0.2 %

NYSE AEO opened at $16.36 on Friday. The firm’s fifty day simple moving average is $18.85 and its two-hundred day simple moving average is $20.07. The firm has a market capitalization of $3.14 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.12 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12-month low of $16.20 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.06%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BMO Capital Markets decreased their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Jefferies Financial Group lowered 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 research note on Tuesday, November 12th. UBS Group cut their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Barclays lowered their price target on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Finally, TD Cowen cut their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.40.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $22.04, for a total transaction of $405,976.80. Following the transaction, the director now owns 39,356 shares in the company, valued at approximately $867,406.24. This represents a 31.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 owns 200,427 shares of the company’s stock, valued at $4,367,304.33. The trade was a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,703 shares of company stock valued at $1,108,738 in the last three months. 7.30% of the stock is owned by insiders.

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.