American Eagle Outfitters (AEO) Holdings Reduced by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its stake in American Eagle Outfitters (NYSE:AEO) by 10.3% in the first quarter, Holdings Channel reports. The fund owned 1,078,828 shares of the apparel retailer’s stock after selling 123,940 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in American Eagle Outfitters were worth $21,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State of New Jersey Common Pension Fund D raised its stake in shares of American Eagle Outfitters by 12.5% in the first quarter. State of New Jersey Common Pension Fund D now owns 90,000 shares of the apparel retailer’s stock worth $1,794,000 after acquiring an additional 10,000 shares during the last quarter. GW&K Investment Management LLC bought a new position in shares of American Eagle Outfitters in the first quarter worth about $269,000. Stevens Capital Management LP raised its stake in shares of American Eagle Outfitters by 25.6% in the first quarter. Stevens Capital Management LP now owns 72,937 shares of the apparel retailer’s stock worth $1,454,000 after acquiring an additional 14,852 shares during the last quarter. Aperio Group LLC raised its stake in shares of American Eagle Outfitters by 28.0% in the first quarter. Aperio Group LLC now owns 251,413 shares of the apparel retailer’s stock worth $5,011,000 after acquiring an additional 55,036 shares during the last quarter. Finally, Engineers Gate Manager LP raised its stake in shares of American Eagle Outfitters by 32.5% in the first quarter. Engineers Gate Manager LP now owns 121,320 shares of the apparel retailer’s stock worth $2,418,000 after acquiring an additional 29,782 shares during the last quarter. 87.31% of the stock is owned by institutional investors.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total value of $433,180.00. Following the completion of the sale, the insider now owns 49,791 shares of the company’s stock, valued at $980,384.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael R. Rempell sold 9,467 shares of the company’s stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $20.10, for a total transaction of $190,286.70. The disclosure for this sale can be found here. Insiders sold 210,487 shares of company stock valued at $4,395,043 in the last ninety days. Insiders own 6.30% of the company’s stock.

AEO opened at $22.54 on Thursday. The company has a market cap of $3.81 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. American Eagle Outfitters has a fifty-two week low of $21.79 and a fifty-two week high of $22.30.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. analysts predict that American Eagle Outfitters will post 1.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 12th. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s dividend payout ratio is presently 47.41%.

A number of equities analysts have weighed in on AEO shares. Jefferies Group reaffirmed a “buy” rating and issued a $24.00 target price on shares of American Eagle Outfitters in a research note on Friday, February 23rd. ValuEngine raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Loop Capital started coverage on shares of American Eagle Outfitters in a research note on Thursday, March 22nd. They issued a “buy” rating and a $25.00 target price for the company. Finally, Cowen set a $20.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $19.37.

About American Eagle Outfitters

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.

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

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