Fisher Asset Management LLC Has $25.75 Million Stock Holdings in American Eagle Outfitters, Inc. $AEO

Fisher Asset Management LLC reduced its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,676,307 shares of the apparel retailer’s stock after selling 74,998 shares during the period. Fisher Asset Management LLC owned approximately 1.54% of American Eagle Outfitters worth $25,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Junto Capital Management LP bought a new position in shares of American Eagle Outfitters in the 1st quarter valued at $38,588,000. Nuveen LLC acquired a new stake in American Eagle Outfitters in the first quarter valued at about $18,140,000. Millennium Management LLC grew its position in American Eagle Outfitters by 37.7% in the first quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer’s stock valued at $40,158,000 after acquiring an additional 946,904 shares during the last quarter. Kettle Hill Capital Management LLC bought a new position in American Eagle Outfitters in the first quarter valued at about $8,657,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in American Eagle Outfitters by 41.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after acquiring an additional 678,536 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Insider Activity at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 54,950 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.14, for a total value of $996,793.00. Following the transaction, the insider directly owned 221,107 shares of the company’s stock, valued at $4,010,880.98. The trade was a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Sable sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the sale, the director directly owned 48,640 shares of the company’s stock, valued at $934,860.80. This represents a 9.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 138,766 shares of company stock valued at $2,515,354 over the last ninety days. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Wednesday, October 8th. Citigroup raised their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a report on Tuesday, November 25th. Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Finally, BTIG Research initiated coverage on American Eagle Outfitters in a report on Thursday, September 18th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $15.11.

American Eagle Outfitters Price Performance

AEO stock opened at $20.85 on Wednesday. The company has a market capitalization of $3.53 billion, a P/E ratio of 20.05 and a beta of 1.44. The company has a fifty day moving average price of $17.15 and a 200-day moving average price of $14.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $21.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.American Eagle Outfitters’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, October 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 48.08%.

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.