Yousif Capital Management LLC Sells 2,347 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Yousif Capital Management LLC lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,897 shares of the apparel retailer’s stock after selling 2,347 shares during the quarter. Yousif Capital Management LLC’s holdings in American Eagle Outfitters were worth $1,165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its position in 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 acquiring an additional 937 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $45,000. Advisors Asset Management Inc. grew its stake in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at about $141,000. Finally, Wilmington Savings Fund Society FSB bought a new position in American Eagle Outfitters in the 3rd quarter valued at about $141,000. 97.33% of the stock is owned by institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEO. Morgan Stanley cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $19.00 to $17.00 in a report on Wednesday, February 5th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America dropped their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets lowered their price target 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, December 5th. Finally, UBS Group cut their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

American Eagle Outfitters Trading Up 1.0 %

NYSE AEO opened at $14.35 on Friday. The firm’s 50 day simple moving average is $16.46 and its 200 day simple moving average is $18.86. American Eagle Outfitters, Inc. has a 1 year low of $14.11 and a 1 year high of $26.44. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 0.95 and a beta of 1.53.

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

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

About American Eagle Outfitters

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.