Deprince Race & Zollo Inc. Has $59.74 Million Stake in American Eagle Outfitters, Inc. $AEO

Deprince Race & Zollo Inc. reduced its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,491,279 shares of the apparel retailer’s stock after selling 527,285 shares during the period. American Eagle Outfitters makes up about 1.2% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 17th biggest position. Deprince Race & Zollo Inc. owned approximately 2.06% of American Eagle Outfitters worth $59,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. NFJ Investment Group LLC increased its holdings in American Eagle Outfitters by 0.7% in the first quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer’s stock valued at $1,384,000 after purchasing an additional 845 shares during the last quarter. Tidal Investments LLC increased its stake in shares of American Eagle Outfitters by 2.0% in the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer’s stock valued at $519,000 after acquiring an additional 1,046 shares during the last quarter. Empowered Funds LLC raised 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 acquiring an additional 1,398 shares during the period. Asset Management One Co. Ltd. boosted its stake in American Eagle Outfitters by 43.3% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,978 shares of the apparel retailer’s stock worth $58,000 after acquiring an additional 1,805 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 2,315 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,945 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $16.95, for a total transaction of $49,917.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the transaction, the insider owned 191,751 shares of the company’s stock, valued at $4,659,549.30. The trade was a 55.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AEO shares. Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a report on Wednesday, December 3rd. Jefferies Financial Group increased their price target on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, September 4th. JPMorgan Chase & Co. raised American Eagle Outfitters from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $20.00 in a research report on Wednesday, December 3rd. Finally, Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $21.45.

American Eagle Outfitters Stock Down 1.3%

NYSE:AEO opened at $26.31 on Friday. The stock has a 50-day simple moving average of $20.57 and a 200 day simple moving average of $15.86. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $28.15. The company has a market cap of $4.46 billion, a PE ratio of 22.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The firm 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 13.82% and a net margin of 3.90%.The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, January 9th. American Eagle Outfitters’s payout ratio is presently 43.10%.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.