Bank of America Corp DE cut its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 37.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 758,777 shares of the apparel retailer's stock after selling 446,866 shares during the period. Bank of America Corp DE owned 0.45% of American Eagle Outfitters worth $12,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of AEO. Marshall Wace LLP increased its position in American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer's stock valued at $94,066,000 after acquiring an additional 4,959,039 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth about $40,954,000. Lazard Asset Management LLC boosted its stake in shares of American Eagle Outfitters by 794.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer's stock worth $21,643,000 after purchasing an additional 1,151,091 shares during the period. Finally, Renaissance Technologies LLC bought a new position in American Eagle Outfitters during the 1st quarter valued at about $16,223,000. 97.33% of the stock is owned by institutional investors.
Insider Buying and Selling at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,892 shares of the business's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 11,563 shares of company stock valued at $196,599. Company insiders own 8.95% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. William Blair reissued a "buy" rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Bank of America restated an "underperform" rating and set a $16.00 target price on shares of American Eagle Outfitters in a research report on Friday, August 14th. Telsey Advisory Group cut their target price on American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating on the stock in a research note on Friday, May 29th. JPMorgan Chase & Co. increased their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, August 18th. Finally, Barclays decreased their price target on American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.09.
View Our Latest Report on American Eagle Outfitters
American Eagle Outfitters Trading Up 1.0%
Shares of NYSE AEO opened at $16.16 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $12.11 and a twelve month high of $28.46. The firm has a market cap of $2.71 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. The business has a fifty day simple moving average of $17.20 and a two-hundred day simple moving average of $18.35. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) EPS. Analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.1%. American Eagle Outfitters's dividend payout ratio (DPR) is 30.86%.
About American Eagle Outfitters
(
Free Report)
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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