Teza Capital Management LLC Sells 35,566 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Teza Capital Management LLC decreased its position in American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) by 75.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,447 shares of the apparel retailer’s stock after selling 35,566 shares during the quarter. Teza Capital Management LLC’s holdings in American Eagle Outfitters were worth $111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Eisler Capital UK Ltd. bought a new position in American Eagle Outfitters during the third quarter valued at about $34,000. Canada Pension Plan Investment Board bought a new position in American Eagle Outfitters during the first quarter valued at about $37,000. QVIDTVM Management LLC bought a new position in American Eagle Outfitters during the third quarter valued at about $58,000. Profund Advisors LLC grew its position in American Eagle Outfitters by 14.4% during the third quarter. Profund Advisors LLC now owns 12,139 shares of the apparel retailer’s stock valued at $118,000 after buying an additional 1,530 shares during the period. Finally, Mackenzie Financial Corp bought a new position in American Eagle Outfitters during the second quarter valued at about $119,000. Institutional investors own 93.34% of the company’s stock.

Insider Buying and Selling

In related news, insider Jennifer M. Foyle sold 70,214 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $16.88, for a total value of $1,185,212.32. Following the transaction, the insider now directly owns 140,545 shares in the company, valued at $2,372,399.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 70,214 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $16.88, for a total transaction of $1,185,212.32. Following the transaction, the insider now directly owns 140,545 shares in the company, valued at $2,372,399.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael R. Rempell sold 18,997 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $14.65, for a total transaction of $278,306.05. Following the transaction, the executive vice president now owns 172,003 shares in the company, valued at $2,519,843.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,853 shares of company stock worth $2,001,454. Insiders own 8.30% of the company’s stock.

American Eagle Outfitters Trading Down 4.1 %

Shares of American Eagle Outfitters stock opened at $12.78 on Tuesday. American Eagle Outfitters, Inc. has a 12-month low of $9.46 and a 12-month high of $19.47. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.97 and a beta of 1.52. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $15.15 and its 200-day moving average price is $13.32.

American Eagle Outfitters (NYSE:AEO – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.47 billion. American Eagle Outfitters had a net margin of 2.51% and a return on equity of 13.27%. During the same period in the prior year, the business earned $0.35 earnings per share. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.1 earnings per share for the current fiscal year.

American Eagle Outfitters Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Thursday, April 6th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, April 5th.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AEO shares. BMO Capital Markets increased their price target on shares of American Eagle Outfitters from $10.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $17.00 price objective on shares of American Eagle Outfitters in a report on Thursday, March 2nd. Citigroup upped their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 in a report on Wednesday, November 23rd. Cowen upped their price objective on shares of American Eagle Outfitters to $15.00 in a report on Thursday, November 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Eagle Outfitters from $17.00 to $18.00 in a report on Wednesday, January 11th. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.92.

About American Eagle Outfitters

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.