Envestnet Asset Management Inc. Has $794,000 Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Key Points

• Envestnet Asset Management Inc. has significantly reduced its holdings in American Eagle Outfitters, selling 284,270 shares and now owning just 68,355 shares, marking an 80.6% decrease in its position.
• Several institutional investors have increased their stakes in American Eagle Outfitters, with GAMMA Investing LLC raising its investment by 380.4%.
• American Eagle Outfitters recently announced a quarterly dividend of $0.125 per share, translating to a 4.7% yield on an annualized basis.

Envestnet Asset Management Inc. cut its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 80.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,355 shares of the apparel retailer's stock after selling 284,270 shares during the period. Envestnet Asset Management Inc.'s holdings in American Eagle Outfitters were worth $794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in American Eagle Outfitters by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock valued at $170,431,000 after acquiring an additional 413,193 shares in the last quarter. Millennium Management LLC boosted its position in American Eagle Outfitters by 1,510.1% during the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after acquiring an additional 2,353,225 shares during the last quarter. Northern Trust Corp boosted its stake in American Eagle Outfitters by 10.3% during the fourth quarter. Northern Trust Corp now owns 2,119,450 shares of the apparel retailer's stock worth $35,331,000 after buying an additional 197,612 shares during the last quarter. Norges Bank purchased a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $35,267,000. Finally, Man Group plc grew its holdings in shares of American Eagle Outfitters by 1.2% during the 4th quarter. Man Group plc now owns 2,094,299 shares of the apparel retailer's stock worth $34,912,000 after purchasing an additional 25,775 shares during the period. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded up $2.61 during mid-day trading on Monday, reaching $13.35. The company had a trading volume of 62,986,445 shares, compared to its average volume of 12,100,116. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 13.62 and a beta of 1.51. The company has a 50 day moving average of $10.35 and a 200-day moving average of $11.82. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is currently 51.02%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AEO shares. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 target price on shares of American Eagle Outfitters in a report on Monday, July 28th. Barclays reduced their target price on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Monday, May 12th. BMO Capital Markets dropped 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 report on Wednesday, May 14th. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Finally, Telsey Advisory Group lifted their price target on American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of "Hold" and an average price target 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.