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

Allspring Global Investments Holdings LLC trimmed its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 56.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

AEO has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of American Eagle Outfitters from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a report on Wednesday, May 14th. JPMorgan Chase & Co. decreased their price objective on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Morgan Stanley set a $10.00 price objective on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Finally, Telsey Advisory Group boosted their price objective on shares of American Eagle Outfitters to $12.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and a consensus price target of $14.70.

American Eagle Outfitters Trading Up 0.4%

Shares of AEO traded up $0.04 on Wednesday, hitting $10.07. 4,583,814 shares of the stock traded hands, compared to its average volume of 5,789,878. 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 firm has a market capitalization of $1.74 billion, a P/E ratio of 10.28 and a beta of 1.45. The stock's 50 day moving average is $10.58 and its two-hundred day moving average is $12.61. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings results 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 return on equity of 13.34% and a net margin of 3.73%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.34 EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, July 11th. American Eagle Outfitters's payout ratio is currently 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.