Northern Trust Corp Sells 25,615 Shares of American Eagle Outfitters, Inc. $AEO

Key Points

• Northern Trust Corp reduced its stake in American Eagle Outfitters by 1.2%, ending the quarter with over 2 million shares valued at approximately $24.3 million.
• AEO shares are currently trading at $12.93, with a market cap of $2.24 billion, following a recent earnings report showing a loss of $0.29 per share.
• The company announced a quarterly dividend of $0.125, representing a 3.9% yield and a payout ratio of 51.02%.

Northern Trust Corp lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,093,835 shares of the apparel retailer's stock after selling 25,615 shares during the quarter. Northern Trust Corp owned 1.21% of American Eagle Outfitters worth $24,330,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC raised its stake in American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares in the last quarter. State of Wyoming acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $49,000. Asset Management One Co. Ltd. increased its position in shares of American Eagle Outfitters by 38.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 1,165 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $156,000. Finally, CTC Alternative Strategies Ltd. bought a new position in American Eagle Outfitters during the 4th quarter valued at about $175,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AEO. Cfra Research cut shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. Barclays boosted their target price on American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a report on Thursday. Bank of America reaffirmed an "underperform" rating and set a $10.00 price target (down from $11.00) on shares of American Eagle Outfitters in a report on Monday, August 25th. Citigroup lifted their price objective on American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Telsey Advisory Group boosted their price objective on American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $14.17.

American Eagle Outfitters Trading Up 32.9%

AEO traded up $4.49 during mid-day trading on Thursday, reaching $18.11. The stock had a trading volume of 81,021,434 shares, compared to its average volume of 9,086,557. The firm's fifty day simple moving average is $11.50 and its two-hundred day simple moving average is $11.40. The stock has a market capitalization of $3.14 billion, a P/E ratio of 18.48 and a beta of 1.45. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.63. 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 released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%.The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 earnings per share. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

About American Eagle Outfitters

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.