Deprince Race & Zollo Inc. Has $345,000 Holdings in American Eagle Outfitters, Inc. $AEO

Key Points

• Deprince Race & Zollo cut its stake in American Eagle by 99.6%, selling 3,478,185 shares and leaving a position of 13,094 shares worth about $345,000 at quarter-end.
• American Eagle beat quarterly expectations with $0.84 EPS vs. $0.71 and revenue of $1.81 billion (up 12.2% year-over-year), and announced a quarterly dividend of $0.125 (annualized $0.50, ~2.8% yield).
• Analyst sentiment is mixed-to-negative overall — a MarketBeat consensus rating of "Reduce" with a $21.75 target, though some firms (e.g., UBS) raised targets and gave buy ratings; institutional ownership is high (~97.3%) while insiders sold ~9,566 shares in the last three months.

Deprince Race & Zollo Inc. lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 99.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,094 shares of the apparel retailer's stock after selling 3,478,185 shares during the period. Deprince Race & Zollo Inc.'s holdings in American Eagle Outfitters were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEO. Royal Bank of Canada raised its holdings in shares of American Eagle Outfitters by 24.8% in the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer's stock worth $1,885,000 after acquiring an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer's stock worth $1,229,000 after acquiring an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of American Eagle Outfitters by 1,238.2% in the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer's stock worth $611,000 after acquiring an additional 48,624 shares during the last quarter. Empowered Funds LLC increased its stake in American Eagle Outfitters by 9.6% in the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer's stock valued at $185,000 after buying an additional 1,398 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in American Eagle Outfitters by 349.9% in the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer's stock valued at $5,182,000 after buying an additional 418,943 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, January 8th. Citigroup increased their price objective on shares of American Eagle Outfitters from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Friday, March 6th. Needham & Company LLC assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, March 26th. They issued a "hold" rating for the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Eagle Outfitters in a research note on Wednesday, March 25th. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a "strong-buy" rating to a "buy" rating in a research note on Sunday. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of "Reduce" and a consensus price target of $21.75.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,566 shares of company stock valued at $198,091 over the last three months. Insiders own 8.70% of the company's stock.

American Eagle Outfitters Stock Down 1.3%

American Eagle Outfitters stock opened at $18.08 on Tuesday. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.46. The firm has a 50 day moving average price of $20.38 and a 200-day moving average price of $20.91. The company has a market capitalization of $3.01 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.30 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $0.54 EPS. The company's revenue was up 12.2% compared to the same quarter last year. Equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, April 10th. American Eagle Outfitters's dividend payout ratio is currently 44.64%.

American Eagle Outfitters Company Profile

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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