Allspring Global Investments Holdings LLC Sells 88,135 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Allspring Global Investments Holdings LLC decreased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 56.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 68,345 shares of the apparel retailer's stock after selling 88,135 shares during the period. Allspring Global Investments Holdings LLC's holdings in American Eagle Outfitters were worth $834,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in American Eagle Outfitters by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock worth $170,431,000 after purchasing an additional 413,193 shares in the last quarter. Wellington Management Group LLP lifted its holdings in American Eagle Outfitters by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock worth $165,594,000 after purchasing an additional 184,067 shares in the last quarter. American Century Companies Inc. lifted its holdings in American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after purchasing an additional 472,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in American Eagle Outfitters by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after purchasing an additional 381,047 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in American Eagle Outfitters by 1,510.1% during the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after purchasing an additional 2,353,225 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock traded down $0.20 during trading on Friday, hitting $9.92. 7,648,047 shares of the stock traded hands, compared to its average volume of 5,821,377. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 10.12 and a beta of 1.45. The firm's fifty day moving average is $10.54 and its 200-day moving average is $12.47. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.34 earnings per share. American Eagle Outfitters's revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.50 annualized dividend and a yield of 5.04%. American Eagle Outfitters's payout ratio is 51.02%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AEO. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Wall Street Zen cut American Eagle Outfitters from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Bank of America lowered their price target on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Finally, Barclays lowered their price target on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.70.

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.