Polaris Capital Management LLC Has $902,000 Stock Holdings in American Eagle Outfitters, Inc. $AEO

Polaris Capital Management LLC trimmed its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 41.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,700 shares of the apparel retailer’s stock after selling 36,900 shares during the quarter. Polaris Capital Management LLC’s holdings in American Eagle Outfitters were worth $902,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of 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 purchasing an additional 678,536 shares during the period. XTX Topco Ltd increased its stake in shares of American Eagle Outfitters by 59.6% in the 2nd quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock valued at $1,045,000 after acquiring an additional 40,563 shares in the last quarter. Savant Capital LLC increased its stake in shares of American Eagle Outfitters by 170.8% in the 2nd quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock valued at $396,000 after acquiring an additional 25,962 shares in the last quarter. Caxton Associates LLP boosted its position in shares of American Eagle Outfitters by 212.2% during the 2nd quarter. Caxton Associates LLP now owns 230,312 shares of the apparel retailer’s stock worth $2,216,000 after purchasing an additional 156,544 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in American Eagle Outfitters in the third quarter valued at approximately $895,000. Institutional investors own 97.33% of the company’s stock.

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 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 completion of the transaction, the insider owned 191,751 shares in the company, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of a number of recent research reports. Telsey Advisory Group raised their price objective on shares of American Eagle Outfitters from $25.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a research report on Wednesday, December 3rd. Bank of America raised their price target on shares of American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average price target of $22.45.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $25.87 on Tuesday. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The firm has a market capitalization of $4.38 billion, a PE ratio of 22.30 and a beta of 1.39. The business’s 50-day moving average price is $22.87 and its 200-day moving average price is $17.22. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last posted its 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 company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. American Eagle Outfitters’s revenue for the quarter 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. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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