Dupont Capital Management Corp Reduces Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Dupont Capital Management Corp decreased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) by 8.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 13,277 shares of the apparel retailer’s stock after selling 1,175 shares during the period. Dupont Capital Management Corp’s holdings in American Eagle Outfitters were worth $223,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cornerstone Advisory LLC purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $26,000. Rockefeller Capital Management L.P. lifted its holdings in shares of American Eagle Outfitters by 73.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,462 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 620 shares during the period. Covestor Ltd acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $46,000. Spire Wealth Management acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $79,000. Finally, CWM LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $111,000.

American Eagle Outfitters Stock Down 0.7 %

American Eagle Outfitters stock opened at $11.70 on Tuesday. The stock has a market capitalization of $1.98 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 0.79 and a beta of 1.31. American Eagle Outfitters, Inc. has a 12 month low of $10.98 and a 12 month high of $36.10. The business has a 50 day simple moving average of $12.46 and a 200-day simple moving average of $17.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.74 and a quick ratio of 0.81.

American Eagle Outfitters (NYSE:AEO – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The apparel retailer reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.14 billion. American Eagle Outfitters had a net margin of 7.07% and a return on equity of 28.05%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.48 earnings per share. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.29 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 22nd. Investors of record on Friday, July 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 6.15%. The ex-dividend date is Thursday, July 7th. American Eagle Outfitters’s payout ratio is 41.62%.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average cost of $11.65 per share, for a total transaction of $116,500.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at $349,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders bought 31,500 shares of company stock worth $374,225. 8.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AEO has been the subject of a number of research reports. Morgan Stanley downgraded American Eagle Outfitters from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $22.00 to $8.00 in a report on Tuesday, May 31st. JPMorgan Chase & Co. downgraded American Eagle Outfitters from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $15.00 in a report on Friday, May 27th. BMO Capital Markets decreased their target price on American Eagle Outfitters from $23.00 to $15.00 in a report on Friday, May 27th. Barclays decreased their price target on American Eagle Outfitters from $19.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, May 31st. Finally, StockNews.com downgraded American Eagle Outfitters from a “hold” rating to a “sell” rating in a report on Friday, June 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $19.54.

American Eagle Outfitters Profile

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American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.