American Eagle Outfitters, Inc. $AEO Shares Sold by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC cut its American Eagle Outfitters stake by 78.1% in the second quarter, selling 61,201 shares and retaining 17,193 shares valued at approximately $295,000.
• Analysts remain cautious, with a consensus “Hold” rating from 15 analysts and an average price target of $20.09; several firms recently lowered their targets.
• AEO shares opened at $16.70, near the lower end of their 52-week range, while the company maintains a quarterly dividend of $0.125, equivalent to a 3.0% annual yield. Insiders also sold shares during the past three months.

Quantitative Investment Management LLC trimmed its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 78.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,193 shares of the apparel retailer's stock after selling 61,201 shares during the period. Quantitative Investment Management LLC's holdings in American Eagle Outfitters were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in shares of American Eagle Outfitters by 79.1% in the second quarter. Hsbc Holdings PLC now owns 85,310 shares of the apparel retailer's stock worth $1,456,000 after buying an additional 37,670 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in American Eagle Outfitters during the 2nd quarter valued at $3,563,000. Empowered Funds LLC bought a new position in American Eagle Outfitters during the 2nd quarter valued at $11,672,000. Corient Private Wealth LP acquired a new position in American Eagle Outfitters during the 2nd quarter worth $2,825,000. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $551,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEO. Weiss Ratings reissued a "hold (c)" rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. Barclays reduced their target price on American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, May 29th. TD Cowen lowered their price target on American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating for the company in a report on Monday, May 18th. Wall Street Zen lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Morgan Stanley restated an "equal weight" rating and set a $18.00 price objective on shares of American Eagle Outfitters in a research note on Monday, July 6th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.09.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the business's stock in a transaction on Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the transaction, the director owned 53,481 shares in the company, valued at approximately $921,477.63. The trade was a 9.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the firm's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by insiders.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $16.70 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The firm's 50-day moving average price is $17.04 and its two-hundred day moving average price is $17.91. American Eagle Outfitters, Inc. has a 52-week low of $13.35 and a 52-week high of $28.46. The stock has a market capitalization of $2.80 billion, a P/E ratio of 10.31, a P/E/G ratio of 3.62 and a beta of 1.33.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 30.86%.

About American Eagle Outfitters

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.

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