American Eagle Outfitters, Inc. $AEO Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 58.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,260 shares of the apparel retailer’s stock after selling 42,128 shares during the quarter. Fox Run Management L.L.C.’s holdings in American Eagle Outfitters were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jackson Creek Investment Advisors LLC purchased a new stake in American Eagle Outfitters during the 3rd quarter worth about $407,000. SummerHaven Investment Management LLC acquired a new position in shares of American Eagle Outfitters during the third quarter worth about $1,426,000. XTX Topco Ltd increased its stake in shares of American Eagle Outfitters by 59.6% during the second quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock worth $1,045,000 after buying an additional 40,563 shares during the period. Convergence Investment Partners LLC acquired a new stake in American Eagle Outfitters in the third quarter valued at approximately $4,165,000. Finally, Savant Capital LLC lifted its stake in American Eagle Outfitters by 170.8% in the second quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock worth $396,000 after acquiring an additional 25,962 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jennifer M. Foyle sold 243,047 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. The SEC filing for this sale provides additional information. Insiders have sold 246,839 shares of company stock valued at $6,004,388 over the last quarter. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of AEO opened at $24.57 on Friday. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.46. The firm has a 50-day simple moving average of $25.26 and a 200-day simple moving average of $20.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 6.43 and a beta of 1.42.

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

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is currently 43.10%.

Wall Street Analysts Forecast Growth

AEO has been the topic of a number of recent analyst reports. UBS Group raised their price objective on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Citigroup increased their target price on American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and raised their price target for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price objective on American Eagle Outfitters in a research report on Wednesday, December 3rd. Finally, Bank of America raised their target price on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.45.

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.