Emerald Advisers LLC Sells 96,444 Shares of American Eagle Outfitters (NYSE:AEO)

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Emerald Advisers LLC lessened its stake in shares of American Eagle Outfitters (NYSE:AEO) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,263,554 shares of the apparel retailer’s stock after selling 96,444 shares during the period. Emerald Advisers LLC’s holdings in American Eagle Outfitters were worth $20,495,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AEO. Renaissance Technologies LLC increased its stake in American Eagle Outfitters by 59.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,462,954 shares of the apparel retailer’s stock worth $75,424,000 after acquiring an additional 1,663,000 shares during the period. Scout Investments Inc. increased its stake in shares of American Eagle Outfitters by 110.3% in the 3rd quarter. Scout Investments Inc. now owns 2,113,980 shares of the apparel retailer’s stock valued at $34,289,000 after purchasing an additional 1,108,674 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of American Eagle Outfitters by 1,055.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,147,496 shares of the apparel retailer’s stock valued at $19,393,000 after purchasing an additional 1,048,212 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of American Eagle Outfitters by 309.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,282,362 shares of the apparel retailer’s stock valued at $21,673,000 after purchasing an additional 969,442 shares during the last quarter. Finally, FMR LLC increased its stake in shares of American Eagle Outfitters by 80.5% in the 1st quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock valued at $47,726,000 after purchasing an additional 960,273 shares during the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.

AEO has been the topic of several recent analyst reports. Citigroup lowered American Eagle Outfitters from a “buy” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $17.00 in a research note on Monday, October 28th. Cowen lifted their price target on American Eagle Outfitters from $17.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. set a $16.00 price target on American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, September 4th. Loop Capital decreased their price target on American Eagle Outfitters to $20.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, DA Davidson initiated coverage on American Eagle Outfitters in a research note on Tuesday, September 17th. They issued a “buy” rating and a $21.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $21.27.

Shares of AEO stock opened at $15.70 on Friday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.58 and a beta of 0.88. American Eagle Outfitters has a twelve month low of $13.66 and a twelve month high of $24.30. The company has a quick ratio of 0.64, a current ratio of 1.34 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $15.86 and its 200 day simple moving average is $17.71.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, September 4th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. American Eagle Outfitters had a return on equity of 21.47% and a net margin of 6.40%. American Eagle Outfitters’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, equities research analysts expect that American Eagle Outfitters will post 1.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.55 dividend on an annualized basis and a yield of 3.50%. American Eagle Outfitters’s dividend payout ratio is currently 37.16%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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

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