Mitsubishi UFJ Trust & Banking Corp Sells 65,680 Shares of American Eagle Outfitters, Inc. $AEO

Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 44.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,024 shares of the apparel retailer’s stock after selling 65,680 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in American Eagle Outfitters were worth $1,386,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $35,000. Strs Ohio bought a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $36,000. Federated Hermes Inc. lifted its stake in shares of American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after buying an additional 2,315 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $39,000. Finally, Covestor Ltd grew its stake in American Eagle Outfitters by 228.8% in the 3rd quarter. Covestor Ltd now owns 3,344 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 2,327 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. The Goldman Sachs Group started coverage on American Eagle Outfitters in a report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 target price on the stock. UBS Group upped their price target on American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Telsey Advisory Group increased their price objective on American Eagle Outfitters from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.45.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 1,896 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 243,047 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the transaction, the insider directly owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 246,839 shares of company stock valued at $6,004,388. 8.70% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Down 0.1%

AEO opened at $23.28 on Friday. The company has a market capitalization of $3.95 billion, a P/E ratio of 20.07, a P/E/G ratio of 7.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. The firm’s fifty day moving average price is $24.93 and its two-hundred day moving average price is $18.61. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

American Eagle Outfitters Company Profile

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.