Rhumbline Advisers Has $8.75 Million Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Rhumbline Advisers grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 524,879 shares of the apparel retailer’s stock after purchasing an additional 10,538 shares during the quarter. Rhumbline Advisers owned about 0.27% of American Eagle Outfitters worth $8,750,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AEO. Investors Research Corp increased its position in American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after acquiring an additional 650 shares during the period. Blue Trust Inc. increased its holdings in shares of American Eagle Outfitters by 95.7% during the 4th 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. Segall Bryant & Hamill LLC increased its holdings in shares of American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock worth $1,112,000 after purchasing an additional 1,033 shares during the period. Nisa Investment Advisors LLC raised its position in shares of American Eagle Outfitters by 7.5% during the third quarter. Nisa Investment Advisors LLC now owns 20,840 shares of the apparel retailer’s stock valued at $467,000 after buying an additional 1,446 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of American Eagle Outfitters by 171.1% in the third 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 period. 97.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. Telsey Advisory Group cut their price target 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. BMO Capital Markets lowered their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday, December 5th. UBS Group dropped their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, Morgan Stanley lowered American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $19.00 to $17.00 in a research note on Wednesday, February 5th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $21.00.

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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $13.92 on Tuesday. American Eagle Outfitters, Inc. has a 52 week low of $13.64 and a 52 week high of $26.44. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.85 and a beta of 1.53. The company has a 50-day simple moving average of $16.01 and a 200 day simple moving average of $18.50.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.49 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 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.