Glenmede Trust Co. NA Increases Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Glenmede Trust Co. NA boosted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 442,059 shares of the apparel retailer’s stock after purchasing an additional 41,558 shares during the period. Glenmede Trust Co. NA’s holdings in American Eagle Outfitters were worth $9,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AEO. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters during the third quarter worth $32,000. Advisors Asset Management Inc. raised its stake in 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 acquiring an additional 1,608 shares during the last quarter. Innealta Capital LLC purchased a new position in American Eagle Outfitters in the 2nd quarter worth $78,000. nVerses Capital LLC acquired a new stake in American Eagle Outfitters during the 2nd quarter worth about $108,000. Finally, Picton Mahoney Asset Management purchased a new stake in American Eagle Outfitters during the 2nd quarter valued at about $140,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

AEO opened at $19.25 on Friday. The company has a fifty day moving average of $19.81 and a two-hundred day moving average of $20.64. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.93 and a beta of 1.52. American Eagle Outfitters, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. American Eagle Outfitters’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AEO shares. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. UBS Group dropped their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. TD Cowen cut their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Barclays decreased their target price 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. Finally, Jefferies Financial Group cut their price target on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.00.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated 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 sale, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. This trade represents a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold a total of 1,050,702 shares of company stock valued at $21,148,718 in the last three months. 7.30% of the stock is currently owned by company insiders.

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.