Allspring Global Investments Holdings LLC Trims Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Allspring Global Investments Holdings LLC lessened its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 56.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,345 shares of the apparel retailer's stock after selling 88,135 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in American Eagle Outfitters were worth $834,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its stake in shares of American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after buying an additional 1,475 shares during the period. GAMMA Investing LLC lifted its stake in American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 1,841 shares during the last quarter. State of Wyoming purchased a new stake in American Eagle Outfitters during the fourth quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its stake in American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 1,944 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in American Eagle Outfitters by 140.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 2,297 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AEO. BMO Capital Markets decreased their target price on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Cfra Research cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. Bank of America reduced their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. reduced their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, May 14th. 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. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and a consensus price target of $14.70.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO traded down $0.08 on Friday, reaching $9.92. 7,209,421 shares of the company were exchanged, compared to its average volume of 5,809,250. The company has a current ratio of 1.38, a quick ratio of 0.56 and a debt-to-equity ratio of 0.07. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $22.83. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 10.12 and a beta of 1.45. The company has a 50-day moving average of $10.56 and a 200-day moving average of $12.55.

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

American Eagle Outfitters Dividend Announcement

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

About American Eagle Outfitters

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.