Stifel Financial Corp Sells 644 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Stifel Financial Corp cut its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,148 shares of the apparel retailer’s stock after selling 644 shares during the period. Stifel Financial Corp’s holdings in American Eagle Outfitters were worth $1,459,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $32,000. Advisors Asset Management Inc. lifted 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 period. Innealta Capital LLC bought a new position in shares of American Eagle Outfitters during the 2nd quarter worth $78,000. nVerses Capital LLC purchased a new position in American Eagle Outfitters during the 2nd quarter valued at about $108,000. Finally, Picton Mahoney Asset Management purchased a new stake in American Eagle Outfitters during the second quarter worth $140,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction on Wednesday, October 16th. The stock was 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 SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total value of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at $4,367,304.33. This trade represents a 13.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,703 shares of company stock worth $1,108,738 in the last ninety days. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of a number of recent analyst reports. Raymond James began coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Jefferies Financial Group reduced their target price 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, November 12th. Barclays lowered their price target on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Telsey Advisory Group reduced their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Finally, UBS Group lowered their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.40.

American Eagle Outfitters Stock Up 2.0 %

NYSE:AEO opened at $16.69 on Friday. The company has a market capitalization of $3.21 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.12 and a beta of 1.51. American Eagle Outfitters, Inc. has a 52-week low of $16.20 and a 52-week high of $26.44. The stock has a fifty day simple moving average of $18.77 and a 200-day simple moving average of $20.03.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

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 paid a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.00%. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.

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.