First Trust Advisors LP Decreases Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

First Trust Advisors LP lessened its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) by 63.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 583,943 shares of the apparel retailer’s stock after selling 1,004,949 shares during the period. First Trust Advisors LP owned 0.31% of American Eagle Outfitters worth $8,153,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AEO. BlackRock Inc. increased its position in shares of American Eagle Outfitters by 25.9% during the third quarter. BlackRock Inc. now owns 24,356,394 shares of the apparel retailer’s stock worth $236,988,000 after purchasing an additional 5,013,262 shares in the last quarter. Vanguard Group Inc. grew its position in shares of American Eagle Outfitters by 15.6% during the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after acquiring an additional 2,369,726 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of American Eagle Outfitters by 10.1% in the 3rd quarter. Cooke & Bieler LP now owns 8,399,160 shares of the apparel retailer’s stock valued at $81,724,000 after acquiring an additional 771,320 shares during the period. Dimensional Fund Advisors LP grew its position in American Eagle Outfitters by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,317,591 shares of the apparel retailer’s stock worth $102,153,000 after purchasing an additional 990,460 shares during the last quarter. Finally, State Street Corp increased its stake in American Eagle Outfitters by 9.5% in the 3rd quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock valued at $55,829,000 after buying an additional 499,560 shares during the period. Hedge funds and other institutional investors own 93.34% of the company’s stock.

American Eagle Outfitters Trading Down 11.9 %

Shares of NYSE AEO opened at $10.63 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 17.15, a PEG ratio of 0.82 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52-week low of $9.46 and a 52-week high of $17.09. The stock’s 50 day moving average price is $13.10 and its two-hundred day moving average price is $14.17. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.01.

American Eagle Outfitters (NYSE:AEO – Get Rating) last issued its quarterly earnings data on Wednesday, May 24th. The apparel retailer reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. American Eagle Outfitters had a net margin of 2.51% and a return on equity of 13.27%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $0.16 EPS. American Eagle Outfitters’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.12 earnings per share for the current fiscal year.

American Eagle Outfitters Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Wednesday, April 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is 64.52%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday. UBS Group decreased their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, March 29th. Barclays reduced their price target on shares of American Eagle Outfitters from $13.00 to $11.00 in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. Finally, Citigroup reduced their price target on shares of American Eagle Outfitters from $17.00 to $14.00 in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $13.38.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, EVP Michael R. Rempell sold 2,967 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $13.56, for a total transaction of $40,232.52. Following the transaction, the executive vice president now owns 172,003 shares of the company’s stock, valued at approximately $2,332,360.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other American Eagle Outfitters news, EVP Michael R. Rempell sold 2,967 shares of the business’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $13.56, for a total value of $40,232.52. Following the sale, the executive vice president now directly owns 172,003 shares in the company, valued at $2,332,360.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael R. Rempell sold 18,997 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total transaction of $278,306.05. Following the completion of the transaction, the executive vice president now directly owns 172,003 shares in the company, valued at approximately $2,519,843.95. The disclosure for this sale can be found here. Insiders have sold a total of 43,202 shares of company stock worth $599,822 over the last ninety days. 7.50% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Profile

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.