PNC Financial Services Group Inc. Sells 3,945 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

PNC Financial Services Group Inc. lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 14.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,636 shares of the apparel retailer’s stock after selling 3,945 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Eagle Outfitters were worth $263,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 1,841 shares in the last quarter. Asset Management One Co. Ltd. increased its stake 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 during the last quarter. State of Wyoming purchased a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $49,000. Merit Financial Group LLC purchased a new stake in shares of American Eagle Outfitters during the 1st quarter worth approximately $131,000. Finally, Portside Wealth Group LLC purchased a new position in American Eagle Outfitters in the 1st quarter valued at approximately $146,000. Institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AEO. Morgan Stanley set a $10.00 price objective on shares of American Eagle Outfitters and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Wall Street Zen lowered shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Saturday, June 7th. Zacks Research upgraded shares of American Eagle Outfitters to a “hold” rating in a research note on Monday, August 11th. Telsey Advisory Group lifted their price objective on shares of American Eagle Outfitters to $12.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $9.00 price target on shares of American Eagle Outfitters in a report on Monday, July 28th. Three equities 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 stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $14.70.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $12.99 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.25 billion, a PE ratio of 13.26 and a beta of 1.51. The firm has a fifty day simple moving average of $10.72 and a two-hundred day simple moving average of $11.60. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve 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 during the quarter, compared to the consensus estimate of $1.08 billion. American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. Research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.125 dividend. The ex-dividend date was Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.8%. American Eagle Outfitters’s payout ratio is presently 51.02%.

American Eagle Outfitters Company 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.