Asset Management One Co. Ltd. Trims Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Asset Management One Co. Ltd. lessened its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 36.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,002 shares of the apparel retailer’s stock after selling 1,742 shares during the period. Asset Management One Co. Ltd.’s holdings in American Eagle Outfitters were worth $64,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in American Eagle Outfitters by 3.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,456 shares of the apparel retailer’s stock worth $340,000 after buying an additional 638 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in American Eagle Outfitters by 6.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 14,632 shares of the apparel retailer’s stock worth $243,000 after buying an additional 837 shares during the last quarter. BRYN MAWR TRUST Co lifted its holdings in American Eagle Outfitters by 0.9% during the 3rd quarter. BRYN MAWR TRUST Co now owns 98,619 shares of the apparel retailer’s stock worth $1,638,000 after buying an additional 920 shares during the last quarter. LPL Financial LLC lifted its holdings in American Eagle Outfitters by 4.9% during the 4th quarter. LPL Financial LLC now owns 21,406 shares of the apparel retailer’s stock worth $299,000 after buying an additional 1,004 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in American Eagle Outfitters by 3.7% during the 3rd quarter. Diversified Trust Co now owns 28,194 shares of the apparel retailer’s stock worth $468,000 after buying an additional 1,012 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 60,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $20.73, for a total value of $1,243,800.00. Following the sale, the insider now owns 232,459 shares of the company’s stock, valued at approximately $4,818,875.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO James H. Keefer, Jr. sold 7,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $25.82, for a total value of $180,740.00. Following the sale, the chief accounting officer now owns 17,266 shares of the company’s stock, valued at approximately $445,808.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 60,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $20.73, for a total value of $1,243,800.00. Following the completion of the sale, the insider now directly owns 232,459 shares in the company, valued at approximately $4,818,875.07. The disclosure for this sale can be found here. Insiders have sold 158,953 shares of company stock valued at $3,511,875 in the last quarter. Corporate insiders own 7.50% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $23.07 on Monday. The business’s fifty day moving average price is $23.51 and its two-hundred day moving average price is $20.67. The company has a market capitalization of $4.55 billion, a P/E ratio of 26.83, a PEG ratio of 1.07 and a beta of 1.59. American Eagle Outfitters, Inc. has a 1-year low of $9.95 and a 1-year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.11. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current fiscal year.

American Eagle Outfitters announced that its board has approved a share buyback program on Thursday, February 1st that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, April 11th. American Eagle Outfitters’s payout ratio is currently 58.14%.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of research analyst reports. UBS Group increased their target price on American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Telsey Advisory Group boosted their price objective on American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, March 8th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, April 9th. Finally, Citigroup boosted their price objective on American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $21.27.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.