American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,277,829 shares of the apparel retailer’s stock after selling 25,452 shares during the quarter. Bank of New York Mellon Corp owned about 1.19% of American Eagle Outfitters worth $37,971,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of American Eagle Outfitters by 835.2% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 140,130 shares of the apparel retailer’s stock worth $2,336,000 after purchasing an additional 125,146 shares during the period. Hussman Strategic Advisors Inc. lifted its holdings in shares of American Eagle Outfitters by 40.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the apparel retailer’s stock worth $2,450,000 after purchasing an additional 42,000 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of American Eagle Outfitters by 16.6% during the fourth quarter. Handelsbanken Fonder AB now owns 46,992 shares of the apparel retailer’s stock worth $783,000 after purchasing an additional 6,700 shares during the period. Ieq Capital LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $717,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $298,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEO has been the subject of several recent research reports. Morgan Stanley downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $19.00 to $17.00 in a report on Wednesday, February 5th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $18.00 price target on shares of American Eagle Outfitters in a report on Thursday. JPMorgan Chase & Co. cut their price objective on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Bank of America cut their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.70.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated 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 is available through this link. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Up 4.0 %

AEO opened at $12.81 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 10.94, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 52 week low of $11.65 and a 52 week high of $26.25. The business’s fifty day simple moving average is $15.38 and its 200 day simple moving average is $18.07.

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

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.90%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

American Eagle Outfitters 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.