Trek Financial LLC Sells 133,991 Shares of American Eagle Outfitters, Inc. $AEO

Trek Financial LLC trimmed its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 35.4% in the 4th quarter, Holdings Channel reports. The firm owned 244,513 shares of the apparel retailer’s stock after selling 133,991 shares during the period. Trek Financial LLC’s holdings in American Eagle Outfitters were worth $6,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEO. Strategic Investment Solutions Inc. IL boosted its holdings in American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its stake in American Eagle Outfitters by 177.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 1,134 shares during the last quarter. Strs Ohio bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at $36,000. Larson Financial Group LLC boosted its stake in shares of American Eagle Outfitters by 8,432.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock worth $41,000 after buying an additional 2,361 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of American Eagle Outfitters by 1,655.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,475 shares of the apparel retailer’s stock worth $42,000 after buying an additional 2,334 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,887 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Down 6.9%

NYSE AEO opened at $15.53 on Tuesday. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.19 and a beta of 1.38. The company’s 50 day moving average is $18.05 and its two-hundred day moving average is $21.16.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $0.50 annualized dividend and a yield of 3.2%. American Eagle Outfitters’s dividend payout ratio is currently 44.64%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays raised American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and set a $19.00 target price on the stock in a research report on Wednesday, May 6th. Citigroup increased their price objective on shares of American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Zacks Research downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Eagle Outfitters in a report on Wednesday, March 25th. Finally, Wall Street Zen upgraded shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.75.

American Eagle Outfitters 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.