Hussman Strategic Advisors Inc. Cuts Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Hussman Strategic Advisors Inc. decreased its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 42.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,000 shares of the apparel retailer's stock after selling 63,000 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in American Eagle Outfitters were worth $976,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cooke & Bieler LP increased its position in shares of American Eagle Outfitters by 29.9% during the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after acquiring an additional 1,794,203 shares during the period. Easterly Investment Partners LLC purchased a new stake in shares of American Eagle Outfitters during the first quarter worth $970,000. Segall Bryant & Hamill LLC increased its position in shares of American Eagle Outfitters by 188.4% during the first quarter. Segall Bryant & Hamill LLC now owns 143,170 shares of the apparel retailer's stock worth $1,664,000 after acquiring an additional 93,520 shares during the period. Victory Capital Management Inc. increased its position in shares of American Eagle Outfitters by 22.2% during the first quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer's stock worth $61,654,000 after acquiring an additional 962,730 shares during the period. Finally, CWM LLC increased its position in shares of American Eagle Outfitters by 332.5% during the first quarter. CWM LLC now owns 55,152 shares of the apparel retailer's stock worth $641,000 after acquiring an additional 42,400 shares during the period. Hedge funds and other institutional investors own 97.33% of the company's stock.

Analysts Set New Price Targets

AEO has been the topic of a number of recent research reports. Barclays cut their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th. BMO Capital Markets lowered their target price on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. Wall Street Zen downgraded shares of American Eagle Outfitters from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Cfra Research downgraded shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $14.70.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $9.94 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 0.56. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $22.83. The company has a market capitalization of $1.72 billion, a PE ratio of 10.14 and a beta of 1.45. The company has a fifty day moving average of $10.42 and a two-hundred day moving average of $12.28.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (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 company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The business's revenue was down 4.7% on a year-over-year basis. As a group, analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.125 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.50 annualized dividend and a yield of 5.03%. American Eagle Outfitters's dividend payout ratio is presently 51.02%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.