LSV Asset Management Sells 22,400 Shares of American Eagle Outfitters, Inc. $AEO

LSV Asset Management reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 4.4% in the third quarter, HoldingsChannel reports. The firm owned 487,700 shares of the apparel retailer’s stock after selling 22,400 shares during the period. LSV Asset Management’s holdings in American Eagle Outfitters were worth $8,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in American Eagle Outfitters by 1.6% in the third quarter. Amalgamated Bank now owns 46,282 shares of the apparel retailer’s stock worth $792,000 after purchasing an additional 742 shares in the last quarter. Arizona State Retirement System grew its position in shares of American Eagle Outfitters by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 48,708 shares of the apparel retailer’s stock worth $833,000 after buying an additional 879 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of 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 in the last quarter. Tidal Investments LLC lifted its position in American Eagle Outfitters by 2.0% during the second 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. Finally, Empowered Funds LLC lifted its position in American Eagle Outfitters by 9.6% during the first 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 last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 1,896 shares of the company’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the 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 SEC filing for this sale provides additional information. In the last ninety days, insiders sold 246,839 shares of company stock worth $6,004,388. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $25.45 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The stock has a 50-day moving average of $25.48 and a two-hundred day moving average of $19.55. The stock has a market cap of $4.31 billion, a P/E ratio of 21.94, a P/E/G ratio of 6.67 and a beta of 1.42. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The business 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 company earned $0.48 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $23.00 price target on American Eagle Outfitters in a research report on Wednesday, December 3rd. Telsey Advisory Group boosted their target price on American Eagle Outfitters from $25.00 to $28.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 13th. Barclays increased their price target on American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group began coverage on shares of American Eagle Outfitters in a report on Thursday, December 11th. They set a “neutral” rating and a $25.00 price objective on the stock. One 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 issued a Sell rating to the company. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $22.45.

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.