Blueshift Asset Management LLC Cuts Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Key Points

• Blueshift Asset Management LLC significantly decreased its holdings in American Eagle Outfitters by 69.8%, selling 47,962 shares and leaving them with 20,788 shares valued at $242,000.
• American Eagle Outfitters reported a quarterly earnings miss, with earnings per share at ($0.29), falling short of analysts' expectations of ($0.25), while revenue for the quarter was $1.09 billion.
• The company announced a quarterly dividend of $0.125 per share, with an annualized dividend yield of 4.7% and a dividend payout ratio of 51.02%.

Blueshift Asset Management LLC reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 69.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,788 shares of the apparel retailer's stock after selling 47,962 shares during the quarter. Blueshift Asset Management LLC's holdings in American Eagle Outfitters were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of American Eagle Outfitters by 319.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer's stock valued at $518,000 after buying an additional 33,938 shares in the last quarter. GAMMA Investing LLC increased its position in shares of American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after buying an additional 1,841 shares in the last quarter. Rhumbline Advisers increased its position in shares of American Eagle Outfitters by 0.7% in the first quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer's stock valued at $6,141,000 after buying an additional 3,631 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $440,000. Finally, Asset Management One Co. Ltd. increased its position 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 in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 1.8%

Shares of American Eagle Outfitters stock traded down $0.24 during trading hours on Thursday, hitting $12.59. The company's stock had a trading volume of 1,862,520 shares, compared to its average volume of 8,157,075. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $22.83. The firm has a fifty day moving average of $10.40 and a 200-day moving average of $11.83. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 12.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced 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 net margin of 3.73% and a return on equity of 13.34%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.34 EPS. The business's revenue for the quarter was down 4.7% on a year-over-year basis. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, July 11th. American Eagle Outfitters's payout ratio is currently 51.02%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Barclays lowered their price target on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $9.00 price target on shares of American Eagle Outfitters in a research note on Monday, July 28th. Wall Street Zen lowered American Eagle Outfitters from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. BMO Capital Markets lowered their price target on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a research note on Wednesday, May 14th. Finally, Telsey Advisory Group lifted their price target on American Eagle Outfitters to $12.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters currently has an average rating of "Hold" and a consensus target price of $14.70.

American Eagle Outfitters Company 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.