Bridge City Capital LLC Trims Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Bridge City Capital LLC lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 81,329 shares of the apparel retailer’s stock after selling 2,575 shares during the period. Bridge City Capital LLC’s holdings in American Eagle Outfitters were worth $3,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEO. Select Equity Group L.P. purchased a new position in shares of American Eagle Outfitters during the 1st quarter valued at about $142,070,000. Atreides Management LP grew its position in shares of American Eagle Outfitters by 68.7% during the 1st quarter. Atreides Management LP now owns 6,792,531 shares of the apparel retailer’s stock valued at $198,614,000 after acquiring an additional 2,766,531 shares during the period. Candlestick Capital Management LP acquired a new stake in shares of American Eagle Outfitters during the 1st quarter valued at about $68,954,000. BlackRock Inc. grew its position in shares of American Eagle Outfitters by 11.1% during the 1st quarter. BlackRock Inc. now owns 18,554,049 shares of the apparel retailer’s stock valued at $542,519,000 after acquiring an additional 1,859,562 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of American Eagle Outfitters by 1,506.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,680,181 shares of the apparel retailer’s stock valued at $49,128,000 after acquiring an additional 1,575,581 shares during the period.

A number of equities research analysts have recently commented on the company. Zacks Investment Research cut American Eagle Outfitters from a “strong-buy” rating to a “hold” rating and set a $37.00 target price on the stock. in a research report on Tuesday, June 15th. Jefferies Financial Group raised their target price on American Eagle Outfitters from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on American Eagle Outfitters from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, September 3rd. Cowen reiterated a “buy” rating and issued a $40.00 price objective on shares of American Eagle Outfitters in a report on Friday, September 3rd. Finally, Cfra cut American Eagle Outfitters from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $37.00 to $28.00 in a report on Thursday, September 9th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $33.65.

Shares of American Eagle Outfitters stock traded up $0.32 on Tuesday, hitting $26.54. 59,374 shares of the company were exchanged, compared to its average volume of 4,544,415. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 19.00 and a beta of 1.43. The company has a 50-day moving average price of $31.75 and a 200 day moving average price of $32.96. American Eagle Outfitters, Inc. has a 1-year low of $13.36 and a 1-year high of $38.99. The company has a quick ratio of 1.43, a current ratio of 2.08 and a debt-to-equity ratio of 0.26.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, September 1st. The apparel retailer reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. American Eagle Outfitters had a return on equity of 31.70% and a net margin of 6.12%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. Research analysts forecast that American Eagle Outfitters, Inc. will post 2.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 22nd. Stockholders of record on Friday, October 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, October 7th. American Eagle Outfitters’s payout ratio is presently 360.00%.

In other news, insider Jennifer M. Foyle sold 5,920 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $35.00, for a total transaction of $207,200.00. Following the sale, the insider now owns 115,711 shares of the company’s stock, valued at approximately $4,049,885. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Andrew J. Mclean sold 15,431 shares of the business’s stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $35.00, for a total value of $540,085.00. Following the completion of the sale, the executive vice president now directly owns 38,198 shares in the company, valued at approximately $1,336,930. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,633 shares of company stock worth $1,305,920. Corporate insiders own 8.20% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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