American Eagle Outfitters, Inc. $AEO Shares Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC cut its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,017 shares of the apparel retailer’s stock after selling 132,660 shares during the period. Venture Visionary Partners LLC’s holdings in American Eagle Outfitters were worth $3,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of American Eagle Outfitters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after purchasing an additional 249,158 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Eagle Outfitters by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,752,288 shares of the apparel retailer’s stock worth $230,801,000 after purchasing an additional 77,758 shares during the period. American Century Companies Inc. raised its holdings in shares of 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 worth $113,781,000 after purchasing an additional 320,750 shares during the period. State Street Corp raised its holdings in shares of American Eagle Outfitters by 0.6% during the fourth quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock worth $174,210,000 after purchasing an additional 39,334 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of American Eagle Outfitters by 12.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after purchasing an additional 680,332 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on AEO shares. Bank of America dropped their target price on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a report on Friday, May 29th. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Barclays dropped their target price on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Citigroup dropped their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average price target of $20.36.

American Eagle Outfitters Stock Down 2.2%

American Eagle Outfitters stock opened at $18.38 on Tuesday. The company has a 50-day simple moving average of $17.26 and a 200-day simple moving average of $21.05. The firm has a market capitalization of $3.08 billion, a P/E ratio of 11.35, a P/E/G ratio of 4.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. American Eagle Outfitters, Inc. has a one year low of $9.42 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. As a group, equities analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is currently owned by corporate insiders.

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.