LSV Asset Management Sells 22,400 Shares of American Eagle Outfitters, Inc. $AEO

LSV Asset Management cut its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 487,700 shares of the apparel retailer’s stock after selling 22,400 shares during the period. LSV Asset Management owned 0.29% of American Eagle Outfitters worth $8,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in American Eagle Outfitters by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 6,329,202 shares of the apparel retailer’s stock valued at $60,887,000 after buying an additional 312,168 shares during the period. Russell Investments Group Ltd. boosted its stake in American Eagle Outfitters by 50.7% during the second quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock worth $13,791,000 after buying an additional 482,534 shares during the period. Qube Research & Technologies Ltd increased its position in American Eagle Outfitters by 9.5% during the second quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock valued at $9,595,000 after acquiring an additional 86,241 shares during the last quarter. Panagora Asset Management Inc. increased its position in American Eagle Outfitters by 37.1% during the second quarter. Panagora Asset Management Inc. now owns 862,000 shares of the apparel retailer’s stock valued at $8,292,000 after acquiring an additional 233,357 shares during the last quarter. Finally, AXA S.A. raised its stake in shares of American Eagle Outfitters by 96.6% in the second quarter. AXA S.A. now owns 861,970 shares of the apparel retailer’s stock valued at $8,292,000 after acquiring an additional 423,449 shares during the period. Hedge funds and other 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 1,896 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the completion of the sale, the insider directly owned 191,751 shares of the company’s stock, valued at $4,659,549.30. The trade was a 55.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 246,839 shares of company stock worth $6,004,388 in the last three months. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AEO shares. Bank of America lifted their price target on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $14.00 to $20.00 in a research report on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 target price on American Eagle Outfitters in a research note on Wednesday, December 3rd. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Finally, TD Cowen restated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $22.45.

American Eagle Outfitters Stock Up 3.7%

Shares of NYSE:AEO opened at $25.45 on Friday. The business’s 50 day moving average is $25.48 and its 200 day moving average is $19.55. The stock has a market cap of $4.31 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 6.67 and a beta of 1.42. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $28.46. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s dividend payout ratio is presently 43.10%.

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.