JPMorgan Chase & Co. Sells 258,348 Shares of American Eagle Outfitters, Inc. $AEO

JPMorgan Chase & Co. lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 23.8% during the third quarter, Holdings Channel.com reports. The firm owned 826,448 shares of the apparel retailer’s stock after selling 258,348 shares during the quarter. JPMorgan Chase & Co.’s holdings in American Eagle Outfitters were worth $14,141,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in American Eagle Outfitters by 5.1% during the third quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock valued at $113,781,000 after buying an additional 320,750 shares during the period. Marshall Wace LLP increased its holdings in shares of American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after buying an additional 4,959,039 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of American Eagle Outfitters by 4.2% in the third quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock worth $25,561,000 after buying an additional 60,442 shares during the period. Segall Bryant & Hamill LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at about $23,395,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of American Eagle Outfitters by 9.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock valued at $9,595,000 after acquiring an additional 86,241 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 1,896 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total transaction of $48,651.36. The SEC filing for this sale provides additional information. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Stock Down 2.6%

NYSE AEO opened at $16.09 on Friday. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46. The stock has a market capitalization of $2.73 billion, a PE ratio of 14.37, a PEG ratio of 1.17 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.52 and a quick ratio of 0.71. The business’s 50-day moving average is $22.09 and its 200 day moving average is $21.01.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company posted $0.54 EPS. American Eagle Outfitters’s quarterly revenue was up 12.2% compared to the same quarter last year. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, April 10th. American Eagle Outfitters’s dividend payout ratio is currently 44.64%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AEO shares. Citigroup raised their price target on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Morgan Stanley set a $23.00 price objective on American Eagle Outfitters in a research report on Wednesday, December 3rd. Bank of America increased their price objective on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $21.75.

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.