Amalgamated Bank Trims Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Amalgamated Bank trimmed its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,125 shares of the apparel retailer’s stock after selling 1,582 shares during the quarter. Amalgamated Bank’s holdings in American Eagle Outfitters were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AEO. Blue Trust Inc. lifted its holdings in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 937 shares during the period. Principal Securities Inc. boosted its holdings in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares in the last quarter. Park Place Capital Corp purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $45,000. Advisors Asset Management Inc. raised its holdings in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in American Eagle Outfitters in the third quarter valued at about $141,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AEO has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays reissued an “equal weight” rating and issued a $17.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a report on Wednesday, February 5th. Morgan Stanley cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $19.00 to $17.00 in a research note on Wednesday, February 5th. Finally, Telsey Advisory Group reduced their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $20.44.

American Eagle Outfitters Trading Down 6.3 %

Shares of NYSE AEO opened at $12.26 on Tuesday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.82 and a beta of 1.53. The company’s 50-day moving average price is $15.64 and its 200 day moving average price is $18.22. American Eagle Outfitters, Inc. has a 52 week low of $12.22 and a 52 week high of $26.44.

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

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s payout ratio is currently 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.