Soros Capital Management LLC Invests $11.52 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Soros Capital Management LLC acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 514,457 shares of the apparel retailer’s stock, valued at approximately $11,519,000. American Eagle Outfitters makes up about 2.8% of Soros Capital Management LLC’s portfolio, making the stock its 14th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its position in American Eagle Outfitters by 25.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 373,675 shares of the apparel retailer’s stock valued at $8,367,000 after acquiring an additional 76,529 shares in the last quarter. Citigroup Inc. lifted its position in American Eagle Outfitters by 41.0% in the 3rd quarter. Citigroup Inc. now owns 239,688 shares of the apparel retailer’s stock valued at $5,367,000 after acquiring an additional 69,662 shares in the last quarter. Investors Research Corp lifted its position in American Eagle Outfitters by 1.4% in the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after acquiring an additional 650 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in American Eagle Outfitters by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock valued at $55,906,000 after acquiring an additional 281,548 shares in the last quarter. Finally, Landscape Capital Management L.L.C. lifted its position in American Eagle Outfitters by 205.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 310,508 shares of the apparel retailer’s stock valued at $6,952,000 after acquiring an additional 208,895 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AEO. UBS Group lowered their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. TD Cowen lowered their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. 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 note on Friday, August 30th. Finally, StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. One research 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. Based on data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $17.89 on Wednesday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. American Eagle Outfitters, Inc. has a one year low of $16.57 and a one year high of $26.44. The business has a fifty day moving average price of $19.90 and a 200-day moving average price of $20.71.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping 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 was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. On average, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.80%. American Eagle Outfitters’s dividend payout ratio (DPR) is 40.00%.

Insider Transactions at American Eagle Outfitters

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This represents a 36.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David M. Sable sold 18,420 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $22.04, for a total transaction of $405,976.80. Following the completion of the transaction, the director now directly owns 39,356 shares of the company’s stock, valued at $867,406.24. This represents a 31.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock worth $21,148,718 in the last three months. Corporate insiders own 7.30% of the company’s stock.

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.