Connor Clark & Lunn Investment Management Ltd. Has $7.19 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Connor Clark & Lunn Investment Management Ltd. cut its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 10.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,289 shares of the apparel retailer’s stock after selling 39,327 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of American Eagle Outfitters worth $7,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of American Eagle Outfitters in the third quarter valued at about $32,000. Innealta Capital LLC acquired a new stake in American Eagle Outfitters in the 2nd quarter worth about $78,000. nVerses Capital LLC acquired a new stake in American Eagle Outfitters in the 2nd quarter worth about $108,000. Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $141,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $140,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction on Thursday, September 19th. The stock was 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 in the company, valued at $35,507,894.04. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David M. Sable sold 18,420 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was 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. This represents a 31.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Up 2.3 %

NYSE:AEO opened at $17.61 on Friday. The firm has a market capitalization of $3.38 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.87 and a beta of 1.52. American Eagle Outfitters, Inc. has a twelve month low of $16.34 and a twelve month high of $26.44. The stock’s 50-day simple moving average is $19.91 and its 200 day simple moving average is $20.80.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.84%. American Eagle Outfitters’s payout ratio is presently 40.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays dropped 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. Jefferies Financial Group reduced their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. TD Cowen dropped 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. One investment 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.