Systematic Financial Management LP Sells 32,106 Shares of American Eagle Outfitters, Inc. $AEO

Systematic Financial Management LP lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,010,004 shares of the apparel retailer’s stock after selling 32,106 shares during the quarter. Systematic Financial Management LP’s holdings in American Eagle Outfitters were worth $26,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AEO. Royal Bank of Canada lifted its holdings in shares of American Eagle Outfitters by 24.8% in the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after acquiring an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after buying an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in American Eagle Outfitters by 1,238.2% in the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after buying an additional 48,624 shares during the last quarter. Empowered Funds LLC raised its holdings in American Eagle Outfitters by 9.6% in the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 1,398 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in American Eagle Outfitters by 349.9% in the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock valued at $5,182,000 after buying an additional 418,943 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a report on Monday, May 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Eagle Outfitters in a report on Wednesday, March 25th. Wall Street Zen upgraded shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Zacks Research lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $16.58 on Friday. The company has a market capitalization of $2.78 billion, a PE ratio of 14.80, a P/E/G ratio of 1.17 and a beta of 1.38. The company has a 50 day simple moving average of $17.19 and a two-hundred day simple moving average of $21.08. 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 released its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. Research analysts predict that American Eagle Outfitters, Inc. will post 1.75 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. Shareholders of record on Friday, April 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, April 10th. American Eagle Outfitters’s dividend payout ratio is currently 44.64%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The SEC filing for this sale provides additional information. Corporate insiders own 8.70% of the company’s stock.

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.