The Manufacturers Life Insurance Company Has $2.30 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

The Manufacturers Life Insurance Company reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,806 shares of the apparel retailer’s stock after selling 708 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of American Eagle Outfitters worth $2,302,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AEO. Citigroup Inc. raised its holdings in shares of American Eagle Outfitters by 41.0% during the third quarter. Citigroup Inc. now owns 239,688 shares of the apparel retailer’s stock worth $5,367,000 after acquiring an additional 69,662 shares during the period. Investors Research Corp increased its holdings in American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after purchasing an additional 650 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 worth $55,906,000 after purchasing an additional 281,548 shares in the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of American Eagle Outfitters by 205.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 310,508 shares of the apparel retailer’s stock valued at $6,952,000 after purchasing an additional 208,895 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of American Eagle Outfitters in the third quarter valued at about $3,731,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $17.99 on Monday. The company’s 50-day moving average is $19.62 and its 200-day moving average is $20.40. The firm has a market capitalization of $3.46 billion, a PE ratio of 15.38, a P/E/G ratio of 1.02 and a beta of 1.51. American Eagle Outfitters, Inc. has a fifty-two week low of $16.88 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results 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 return on equity of 20.80% and a net margin of 4.28%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. As a group, analysts expect that American Eagle Outfitters, Inc. will post 1.74 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America decreased their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $23.00 price target (down from $27.00) on shares of American Eagle Outfitters in a research note on Wednesday, December 4th. BMO Capital Markets cut their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday. Jefferies Financial Group decreased 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 report on Tuesday, November 12th. Finally, Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.40.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 in the last quarter. 7.30% of the stock is currently owned by insiders.

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.