S&T Bank PA Sells 10,018 Shares of American Eagle Outfitters, Inc. $AEO

S&T Bank PA decreased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 344,716 shares of the apparel retailer’s stock after selling 10,018 shares during the quarter. S&T Bank PA owned approximately 0.20% of American Eagle Outfitters worth $3,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in American Eagle Outfitters by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 10,570,088 shares of the apparel retailer’s stock valued at $122,820,000 after purchasing an additional 346,135 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer’s stock valued at $90,534,000 after buying an additional 1,794,203 shares during the period. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 9.3% in the first quarter. American Century Companies Inc. now owns 6,017,034 shares of the apparel retailer’s stock valued at $69,918,000 after buying an additional 511,694 shares during the period. Victory Capital Management Inc. raised its holdings in American Eagle Outfitters by 22.2% in the 1st quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer’s stock valued at $61,654,000 after buying an additional 962,730 shares during the last quarter. Finally, Millennium Management LLC boosted its position in American Eagle Outfitters by 37.7% during the 1st quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer’s stock worth $40,158,000 after buying an additional 946,904 shares during the period. Institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.00 price target on shares of American Eagle Outfitters in a report on Monday, July 28th. BTIG Research began coverage on American Eagle Outfitters in a research report on Thursday, September 18th. They set a “neutral” rating for the company. Citigroup upped their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Telsey Advisory Group increased their price target on American Eagle Outfitters from $12.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, September 4th. Finally, UBS Group lifted their price objective on American Eagle Outfitters from $19.00 to $21.50 and gave the stock a “buy” rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $14.72.

American Eagle Outfitters Stock Down 2.3%

AEO stock opened at $16.58 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $20.55. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average is $16.79 and its 200-day moving average is $13.04. The firm has a market capitalization of $2.81 billion, a PE ratio of 15.94 and a beta of 1.58.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. American Eagle Outfitters’s revenue was down .6% compared to the same quarter last year. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Friday, October 10th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, October 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters’s payout ratio is 48.08%.

Insiders Place Their Bets

In other news, Director Noel Joseph Spiegel sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.12, for a total value of $724,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Janice E. Page sold 26,869 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.04, for a total value of $484,716.76. Following the sale, the director directly owned 90,383 shares of the company’s stock, valued at $1,630,509.32. The trade was a 22.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 138,766 shares of company stock worth $2,515,354 in the last ninety days. 8.70% of the stock is owned by corporate insiders.

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.