American Eagle Outfitters, Inc. $AEO Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,586,720 shares of the apparel retailer’s stock after selling 32,853 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.95% of American Eagle Outfitters worth $26,498,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AEO. Marshall Wace LLP boosted its stake in American Eagle Outfitters by 920.6% in the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after buying an additional 4,959,039 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth approximately $40,954,000. Arrowstreet Capital Limited Partnership boosted its position in shares of American Eagle Outfitters by 153.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock worth $63,556,000 after acquiring an additional 1,457,785 shares during the last quarter. M&T Bank Corp purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $21,413,000. Finally, Goldman Sachs Group Inc. increased its position in American Eagle Outfitters by 12.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after purchasing an additional 680,332 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Telsey Advisory Group cut their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, Wall Street Zen downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $19.91.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.95% of the company’s stock.

American Eagle Outfitters Trading Up 4.6%

Shares of AEO opened at $17.79 on Tuesday. American Eagle Outfitters, Inc. has a 12 month low of $10.29 and a 12 month high of $28.46. The stock’s 50-day moving average is $17.12 and its two-hundred day moving average is $19.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The stock has a market cap of $2.98 billion, a PE ratio of 10.98, a P/E/G ratio of 3.71 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 30.86%.

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.