Dimensional Fund Advisors LP Sells 1,372,671 Shares of American Eagle Outfitters, Inc. $AEO

Dimensional Fund Advisors LP reduced its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,674,530 shares of the apparel retailer’s stock after selling 1,372,671 shares during the period. Dimensional Fund Advisors LP owned 5.12% of American Eagle Outfitters worth $148,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in American Eagle Outfitters by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock worth $254,000 after purchasing an additional 678 shares during the last quarter. Amalgamated Bank boosted its stake in American Eagle Outfitters by 1.6% in the third quarter. Amalgamated Bank now owns 46,282 shares of the apparel retailer’s stock valued at $792,000 after acquiring an additional 742 shares during the last quarter. Arizona State Retirement System grew its holdings in American Eagle Outfitters by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 48,708 shares of the apparel retailer’s stock worth $833,000 after acquiring an additional 879 shares during the period. Hantz Financial Services Inc. grew its holdings in American Eagle Outfitters by 41.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock worth $53,000 after acquiring an additional 906 shares during the period. Finally, Tidal Investments LLC raised its position in shares of American Eagle Outfitters by 2.0% during 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. Institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEO. Barclays cut their target price on American Eagle Outfitters from $24.00 to $19.00 and set an “underweight” rating on the stock in a research note on Thursday, March 5th. TD Cowen decreased their price objective on shares of American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating for the company in a report on Friday. The Goldman Sachs Group assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, December 11th. They issued a “neutral” rating and a $25.00 target price for the company. Bank of America increased their target price on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, December 3rd. Finally, Morgan Stanley set a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. One 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 company’s stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $21.75.

American Eagle Outfitters Trading Up 1.4%

Shares of NYSE:AEO opened at $18.73 on Wednesday. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The company has a quick ratio of 0.71, a current ratio of 1.52 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $24.36 and its 200 day simple moving average is $20.85. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 1.32 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. As a group, research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.7%. American Eagle Outfitters’s dividend payout ratio is 44.64%.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,896 shares of American Eagle Outfitters stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. The SEC filing for this sale provides additional information. 8.70% of the stock is owned by company insiders.

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.