Vanguard Personalized Indexing Management LLC lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) by 30.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,848 shares of the apparel retailer’s stock after selling 5,143 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in American Eagle Outfitters were worth $114,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NFJ Investment Group LLC raised its stake in American Eagle Outfitters by 0.7% during the 1st quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer’s stock worth $1,384,000 after buying an additional 845 shares during the period. Asset Management One Co. Ltd. lifted its holdings 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 valued at $48,000 after purchasing an additional 1,165 shares in the last quarter. Empowered Funds LLC grew its position in shares of American Eagle Outfitters by 9.6% in the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after purchasing an additional 1,398 shares during the period. GAMMA Investing LLC lifted its stake in American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 1,841 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of American Eagle Outfitters by 14.6% in the first quarter. Rafferty Asset Management LLC now owns 26,946 shares of the apparel retailer’s stock valued at $313,000 after buying an additional 3,431 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.
Insiders Place Their Bets
In other news, Director Cary D. Mcmillan sold 9,002 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The disclosure for this sale can be found here. Insiders sold a total of 138,766 shares of company stock valued at $2,515,354 in the last three months. Insiders own 8.70% of the company’s stock.
American Eagle Outfitters Stock Up 0.1%
American Eagle Outfitters (NYSE:AEO – Get Free Report) last posted its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $0.39 EPS. American Eagle Outfitters’s quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.
American Eagle Outfitters Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 48.08%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on AEO shares. Barclays upped their target price on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the stock an “underweight” rating in a research note on Thursday, September 4th. Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. UBS Group boosted their price objective on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a “buy” rating in a research report on Thursday, September 4th. Bank of America reaffirmed an “underperform” rating and issued a $10.00 target price (down previously from $11.00) on shares of American Eagle Outfitters in a research report on Monday, August 25th. Finally, BTIG Research assumed coverage on American Eagle Outfitters in a research report on Thursday, September 18th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Reduce” and a consensus target price of $14.72.
View Our Latest Analysis on American Eagle Outfitters
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.
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