American Eagle Outfitters, Inc. $AEO Stake Lessened by Quantitative Investment Management LLC

Quantitative Investment Management LLC lessened its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 78.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,193 shares of the apparel retailer’s stock after selling 61,201 shares during the quarter. Quantitative Investment Management LLC’s holdings in American Eagle Outfitters were worth $295,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AEO. Canada Pension Plan Investment Board bought a new position in American Eagle Outfitters during the second quarter valued at about $7,518,000. Goldman Sachs Group Inc. raised its stake in shares of American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock valued at $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in American Eagle Outfitters by 151,993.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock worth $1,725,000 after purchasing an additional 65,357 shares during the last quarter. NFJ Investment Group LLC bought a new stake in American Eagle Outfitters during the second quarter worth approximately $10,962,000. Finally, Hillsdale Investment Management Inc. bought a new stake in American Eagle Outfitters during the first quarter worth approximately $5,490,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the sale, the director owned 53,481 shares in the company, valued at $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The SEC filing for this sale provides additional information. Insiders sold a total of 11,563 shares of company stock valued at $196,599 over the last ninety days. 8.95% of the stock is owned by company insiders.

American Eagle Outfitters Price Performance

Shares of AEO stock opened at $16.70 on Thursday. American Eagle Outfitters, Inc. has a 12 month low of $13.35 and a 12 month high of $28.46. The company has a market capitalization of $2.80 billion, a P/E ratio of 10.31, a P/E/G ratio of 3.62 and a beta of 1.33. The stock has a 50 day moving average of $17.04 and a two-hundred day moving average of $17.91. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Morgan Stanley reissued an “equal weight” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 6th. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a research note on Monday, June 1st. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a report on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.09.

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.