American Eagle Outfitters, Inc. $AEO Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 10.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 198,909 shares of the apparel retailer’s stock after selling 23,099 shares during the period. Great Lakes Advisors LLC owned 0.12% of American Eagle Outfitters worth $3,403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEO. Royal Bank of Canada raised its position in shares of American Eagle Outfitters by 24.8% during the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock valued at $1,885,000 after buying an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American Eagle Outfitters by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after acquiring an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of American Eagle Outfitters by 1,238.2% in the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after acquiring an additional 48,624 shares during the period. Empowered Funds LLC grew its stake in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 1,398 shares in the last quarter. Finally, Polaris Capital Management LLC raised its holdings in shares of American Eagle Outfitters by 8.7% in the 2nd quarter. Polaris Capital Management LLC now owns 89,600 shares of the apparel retailer’s stock valued at $862,000 after buying an additional 7,200 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 243,047 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the sale, the insider directly owned 191,751 shares in the company, valued at $4,659,549.30. The trade was a 55.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The disclosure for this sale is available in the SEC filing. Insiders have sold 246,839 shares of company stock worth $6,004,388 in the last quarter. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AEO has been the topic of several recent research reports. Barclays upped their price target on American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, January 6th. Morgan Stanley set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Citigroup raised their price target on American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Bank of America upped their price objective on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 3rd. Finally, Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $23.28 on Friday. The firm has a market capitalization of $3.95 billion, a PE ratio of 20.07, a P/E/G ratio of 7.55 and a beta of 1.39. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46. The firm’s 50-day simple moving average is $24.93 and its 200 day simple moving average is $18.55. The company has a quick ratio of 0.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm earned $0.48 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 annualized dividend and a yield of 2.1%. American Eagle Outfitters’s payout ratio is 43.10%.

American Eagle Outfitters Profile

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.