American Eagle Outfitters, Inc. $AEO Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,149,243 shares of the apparel retailer’s stock after selling 354,791 shares during the quarter. Vanguard Group Inc. owned 10.72% of American Eagle Outfitters worth $310,534,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Jump Financial LLC raised its position in American Eagle Outfitters by 517.1% during the second quarter. Jump Financial LLC now owns 795,386 shares of the apparel retailer’s stock worth $7,652,000 after acquiring an additional 666,492 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in American Eagle Outfitters by 487.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 688,300 shares of the apparel retailer’s stock worth $6,621,000 after acquiring an additional 571,044 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in American Eagle Outfitters by 50.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock valued at $13,791,000 after acquiring an additional 482,534 shares during the last quarter. AXA S.A. lifted its stake in American Eagle Outfitters by 96.6% in the 2nd quarter. AXA S.A. now owns 861,970 shares of the apparel retailer’s stock worth $8,292,000 after purchasing an additional 423,449 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of American Eagle Outfitters by 349.9% during the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after purchasing an additional 418,943 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on AEO shares. Royal Bank Of Canada set a $23.00 price objective on American Eagle Outfitters in a research report on Wednesday, December 3rd. Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a research note on Wednesday, December 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $28.00 price target on shares of American Eagle Outfitters in a research report on Thursday. Citigroup upped their target price on shares of American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $22.45.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction that occurred 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 can be accessed through this link. Also, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 246,839 shares of company stock valued at $6,004,388 over the last quarter. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Down 1.4%

Shares of American Eagle Outfitters stock opened at $24.57 on Friday. The company’s fifty day moving average is $25.26 and its two-hundred day moving average is $20.37. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46. The company has a market capitalization of $4.17 billion, a P/E ratio of 21.18, a PEG ratio of 6.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The business had revenue of $1.36 billion for 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%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. Analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced 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 was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. American Eagle Outfitters’s payout ratio is presently 43.10%.

American Eagle Outfitters Company 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.