SG Americas Securities LLC Has $761,000 Holdings in American Eagle Outfitters, Inc. $AEO

SG Americas Securities LLC decreased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 42.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 44,460 shares of the apparel retailer’s stock after selling 32,303 shares during the quarter. SG Americas Securities LLC’s holdings in American Eagle Outfitters were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS increased its holdings in shares of American Eagle Outfitters by 31.6% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 66,200 shares of the apparel retailer’s stock worth $1,133,000 after acquiring an additional 15,900 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in American Eagle Outfitters during the 3rd quarter valued at $39,000. Byrne Asset Management LLC bought a new position in American Eagle Outfitters during the third quarter worth $117,000. Financiere des Professionnels Fonds d investissement inc. bought a new position in American Eagle Outfitters during the third quarter worth $227,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of American Eagle Outfitters in the third quarter valued at $184,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AEO shares. Bank of America raised their target price on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd. The Goldman Sachs Group initiated coverage on shares of American Eagle Outfitters in a research report on Thursday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. Citigroup boosted their price objective on American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 target price on American Eagle Outfitters in a research note on Wednesday, December 3rd. Finally, Barclays lifted their price target on American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.45.

American Eagle Outfitters Stock Up 0.2%

Shares of AEO opened at $25.49 on Wednesday. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The firm’s 50 day moving average is $23.91 and its 200-day moving average is $17.89. The stock has a market capitalization of $4.32 billion, a PE ratio of 21.98, a P/E/G ratio of 8.20 and a beta of 1.39. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is 43.10%.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the sale, the insider directly owned 191,751 shares of the company’s stock, valued at $4,659,549.30. This represents a 55.90% decrease in their position. The SEC filing for this sale provides additional information. 8.70% of the stock is currently owned by company insiders.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.