American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,192,640 shares of the apparel retailer’s stock after selling 85,189 shares during the quarter. Bank of New York Mellon Corp owned 1.27% of American Eagle Outfitters worth $25,478,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AEO. HighTower Advisors LLC acquired a new position in shares of American Eagle Outfitters in the 4th quarter worth approximately $267,000. Wealth Enhancement Advisory Services LLC grew its position in shares of American Eagle Outfitters by 319.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer’s stock worth $518,000 after acquiring an additional 33,938 shares in the last quarter. GAMMA Investing LLC grew its position in shares of American Eagle Outfitters by 380.4% in the 1st 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. Rhumbline Advisers grew its position in shares of American Eagle Outfitters by 0.7% in the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer’s stock worth $6,141,000 after acquiring an additional 3,631 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter worth approximately $440,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Telsey Advisory Group boosted their price objective on American Eagle Outfitters to $12.00 and gave the company a “hold” rating in a research report on Friday, May 30th. Citigroup restated a “neutral” rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. JPMorgan Chase & Co. reduced their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, May 14th. Barclays reduced their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Monday, May 12th. Finally, Cfra Research lowered American Eagle Outfitters from a “moderate buy” rating to a “hold” rating in a research report on Friday, June 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.70.

American Eagle Outfitters Stock Down 2.1%

Shares of American Eagle Outfitters stock opened at $9.84 on Thursday. The stock’s fifty day moving average is $10.47 and its 200-day moving average is $12.37. The firm has a market capitalization of $1.70 billion, a PE ratio of 10.04 and a beta of 1.45. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.83.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results 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 business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. Equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 5.08%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 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.