American Eagle Outfitters, Inc. (NYSE:AEO) Stock Position Lessened by Congress Asset Management Co.

Congress Asset Management Co. reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,193,786 shares of the apparel retailer’s stock after selling 1,151,964 shares during the quarter. Congress Asset Management Co. owned about 2.18% of American Eagle Outfitters worth $69,910,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after buying an additional 268,326 shares in the last quarter. Victory Capital Management Inc. raised its holdings in American Eagle Outfitters by 40.6% during the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Principal Financial Group Inc. lifted its position in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock valued at $55,906,000 after purchasing an additional 281,548 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of American Eagle Outfitters by 8.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,394,167 shares of the apparel retailer’s stock valued at $31,215,000 after purchasing an additional 112,367 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEO. Raymond James initiated coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Barclays reaffirmed an “equal weight” rating and issued a $17.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets reduced their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. Finally, Bank of America dropped their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.00.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Up 0.2 %

AEO opened at $14.35 on Friday. The firm has a market capitalization of $2.76 billion, a P/E ratio of 12.26, a PEG ratio of 0.95 and a beta of 1.53. The stock has a fifty day moving average of $16.39 and a 200-day moving average of $18.78. American Eagle Outfitters, Inc. has a 12-month low of $14.07 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is presently 42.74%.

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.