Bank of New York Mellon Corp Sells 85,189 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Bank of New York Mellon Corp reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 3.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,192,640 shares of the apparel retailer's stock after selling 85,189 shares during the period. Bank of New York Mellon Corp owned about 1.27% of American Eagle Outfitters worth $25,478,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEO. Huntington National Bank raised its holdings in shares of American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 1,475 shares during the last quarter. GAMMA Investing LLC increased its holdings 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 buying an additional 1,841 shares during the last quarter. State of Wyoming bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $49,000. Asset Management One Co. Ltd. raised its stake in shares of American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock valued at $48,000 after buying an additional 1,165 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of American Eagle Outfitters during the 4th quarter worth $92,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Trading Down 1.2%

Shares of AEO traded down $0.12 during mid-day trading on Friday, reaching $9.94. The company's stock had a trading volume of 3,901,788 shares, compared to its average volume of 5,866,019. The stock has a market cap of $1.72 billion, a PE ratio of 10.14 and a beta of 1.45. The company's fifty day moving average price is $10.45 and its two-hundred day moving average price is $12.32. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.83. 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 (NYSE:AEO - Get Free Report) last released its 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). American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $0.34 EPS. The company's revenue was down 4.7% on a year-over-year basis. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Friday, July 11th. American Eagle Outfitters's payout ratio is 51.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEO shares. JPMorgan Chase & Co. lowered their target price 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. Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Wall Street Zen cut 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 target price 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. Finally, Barclays cut their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, May 12th. Two investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.