Leeward Investments LLC MA Sells 3,906 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Leeward Investments LLC MA decreased its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 485,069 shares of the apparel retailer’s stock after selling 3,906 shares during the quarter. Leeward Investments LLC MA’s holdings in American Eagle Outfitters were worth $10,264,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Yousif Capital Management LLC grew its holdings in shares of American Eagle Outfitters by 2.3% in the 4th quarter. Yousif Capital Management LLC now owns 94,258 shares of the apparel retailer’s stock worth $1,994,000 after purchasing an additional 2,163 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of American Eagle Outfitters by 12.1% in the 4th quarter. New York State Common Retirement Fund now owns 144,557 shares of the apparel retailer’s stock worth $3,059,000 after purchasing an additional 15,642 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $1,804,000. Federated Hermes Inc. grew its holdings in American Eagle Outfitters by 54.2% during the 4th quarter. Federated Hermes Inc. now owns 2,984 shares of the apparel retailer’s stock worth $63,000 after acquiring an additional 1,049 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in American Eagle Outfitters by 15.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,271 shares of the apparel retailer’s stock worth $916,000 after acquiring an additional 5,816 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.59, for a total value of $46,917.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Jennifer M. Foyle sold 26,440 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total value of $652,010.40. Following the sale, the insider now directly owns 226,497 shares in the company, valued at approximately $5,585,416.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. Insiders have sold 72,319 shares of company stock worth $1,732,938 in the last ninety days. Company insiders own 7.50% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded up $1.45 during trading hours on Friday, reaching $24.40. 4,093,524 shares of the company’s stock traded hands, compared to its average volume of 4,544,451. American Eagle Outfitters, Inc. has a fifty-two week low of $9.95 and a fifty-two week high of $26.44. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.05 and a beta of 1.59. The firm’s 50 day moving average is $23.70 and its 200-day moving average is $21.05.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Analysts predict that American Eagle Outfitters, Inc. will post 1.71 EPS for the current year.

American Eagle Outfitters announced that its board has initiated a share repurchase program on Thursday, February 1st that allows the company to buyback 30,000,000 shares. This buyback authorization allows the apparel retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.05%. American Eagle Outfitters’s dividend payout ratio is 58.14%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AEO. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Tuesday, April 9th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, March 8th. UBS Group increased their price objective on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Bank of America increased their price objective on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $21.27.

American Eagle Outfitters 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.