American Eagle Outfitters, Inc. (NYSE:AEO) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 264.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 257,914 shares of the apparel retailer’s stock after acquiring an additional 187,196 shares during the period. Sei Investments Co. owned 0.13% of American Eagle Outfitters worth $5,148,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AEO. Parallel Advisors LLC raised its holdings in shares of American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of American Eagle Outfitters in the 1st quarter worth approximately $27,000. NBC Securities Inc. bought a new stake in shares of American Eagle Outfitters in the 1st quarter worth approximately $59,000. CWM LLC raised its holdings in shares of American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in shares of American Eagle Outfitters by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer’s stock worth $66,000 after purchasing an additional 1,148 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s 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 directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The disclosure for this sale can be found here. Insiders have sold a total of 1,020,996 shares of company stock worth $20,499,893 in the last 90 days. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Stock Down 2.3 %

AEO stock opened at $21.89 on Wednesday. American Eagle Outfitters, Inc. has a 12-month low of $15.68 and a 12-month high of $26.44. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.01 and a beta of 1.50. The company has a 50 day moving average of $20.77 and a two-hundred day moving average of $21.94.

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 analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.28%. American Eagle Outfitters’s dividend payout ratio (DPR) is 45.05%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen cut their price target 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. Barclays reduced 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 report on Friday, August 30th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, August 29th. Finally, UBS Group reduced their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.00.

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.