American Eagle Outfitters, Inc. $AEO Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,378,122 shares of the apparel retailer’s stock after selling 108,960 shares during the period. Fisher Asset Management LLC’s holdings in American Eagle Outfitters were worth $62,711,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL raised its holdings in American Eagle Outfitters by 50.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in American Eagle Outfitters by 177.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 1,134 shares during the last quarter. Strs Ohio acquired a new stake in American Eagle Outfitters in the 3rd quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its holdings in American Eagle Outfitters by 75.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,176 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 938 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in American Eagle Outfitters by 8,432.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock valued at $41,000 after acquiring an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. 8.70% of the stock is owned by corporate insiders.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $16.58 on Tuesday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 14.80, a PEG ratio of 1.17 and a beta of 1.38. The company has a 50 day moving average price of $17.17 and a 200 day moving average price of $21.11. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio is 44.64%.

Analyst Ratings Changes

A number of analysts have commented on AEO shares. Needham & Company LLC started coverage on shares of American Eagle Outfitters in a report on Thursday, March 26th. They issued a “hold” rating for the company. TD Cowen dropped their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Zacks Research cut shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Citigroup increased their price target on shares of American Eagle Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, March 6th. Finally, Telsey Advisory Group dropped their price target on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.45.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.