American Eagle Outfitters (AEO) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 47.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,909 shares of the apparel retailer’s stock after selling 39,683 shares during the quarter. Raymond James & Associates’ holdings in American Eagle Outfitters were worth $1,021,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of American Eagle Outfitters by 15.2% during the second quarter. BlackRock Inc. now owns 21,201,648 shares of the apparel retailer’s stock worth $492,940,000 after buying an additional 2,795,939 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of American Eagle Outfitters during the second quarter worth approximately $44,997,000. United Services Automobile Association lifted its holdings in shares of American Eagle Outfitters by 1,258.8% during the second quarter. United Services Automobile Association now owns 1,805,286 shares of the apparel retailer’s stock worth $27,061,000 after buying an additional 1,672,429 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of American Eagle Outfitters by 2.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,488,015 shares of the apparel retailer’s stock worth $34,597,000 after buying an additional 32,609 shares during the last quarter. Finally, Emerald Advisers Inc. PA lifted its holdings in shares of American Eagle Outfitters by 35.6% during the second quarter. Emerald Advisers Inc. PA now owns 1,336,508 shares of the apparel retailer’s stock worth $31,074,000 after buying an additional 350,980 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

In related news, Director Cary D. Mcmillan sold 16,993 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $24.87, for a total value of $422,615.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles F. Kessler sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the transaction, the insider now owns 110,079 shares of the company’s stock, valued at $3,082,212. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

A number of research analysts have recently commented on AEO shares. Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 price target on shares of American Eagle Outfitters in a report on Thursday, June 21st. Loop Capital set a $27.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Friday, July 6th. Wedbush lowered American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Monday, August 27th. They noted that the move was a valuation call. Finally, Bank of America upped their price target on American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $25.07.

Shares of NYSE AEO opened at $20.94 on Friday. The firm has a market capitalization of $3.81 billion, a P/E ratio of 15.56, a PEG ratio of 1.80 and a beta of 0.83. American Eagle Outfitters has a one year low of $12.51 and a one year high of $29.88.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $964.85 million during the quarter, compared to analyst estimates of $937.98 million. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. American Eagle Outfitters’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Research analysts predict that American Eagle Outfitters will post 1.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.63%. American Eagle Outfitters’s payout ratio is 47.41%.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Recommended Story: Understanding Average Daily Trade Volume

Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply