American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 485,069 shares of the apparel retailer’s stock after selling 3,906 shares during the period. Leeward Investments LLC MA owned approximately 0.25% of American Eagle Outfitters worth $10,264,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in American Eagle Outfitters by 37.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock valued at $128,927,000 after purchasing an additional 1,663,569 shares in the last quarter. Wellington Management Group LLP grew its holdings in American Eagle Outfitters by 84.0% during the 3rd quarter. Wellington Management Group LLP now owns 233,065 shares of the apparel retailer’s stock worth $3,871,000 after acquiring an additional 106,397 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in American Eagle Outfitters by 32.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 596,391 shares of the apparel retailer’s stock worth $9,906,000 after acquiring an additional 145,038 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in American Eagle Outfitters during the 3rd quarter worth $1,729,000. Finally, American Century Companies Inc. grew its holdings in American Eagle Outfitters by 28.5% during the 3rd quarter. American Century Companies Inc. now owns 2,259,598 shares of the apparel retailer’s stock worth $37,532,000 after acquiring an additional 500,555 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.59, for a total value of $46,917.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James H. Keefer, Jr. sold 7,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $25.82, for a total transaction of $180,740.00. Following the sale, the chief accounting officer now owns 17,266 shares in the company, valued at $445,808.12. The disclosure for this sale can be found here. Insiders have sold a total of 72,319 shares of company stock worth $1,732,938 in the last ninety days. 7.50% of the stock is owned by insiders.

Analysts Set New Price Targets

AEO has been the subject of several recent analyst reports. Telsey Advisory Group raised their price objective on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, March 8th. Bank of America raised their price objective on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Tuesday, April 9th. UBS Group raised their price objective on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Citigroup lifted their price target on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.27.

American Eagle Outfitters Trading Up 6.3 %

NYSE:AEO traded up $1.45 during mid-day trading on Friday, hitting $24.40. The stock had a trading volume of 4,093,524 shares, compared to its average volume of 4,544,451. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.05 and a beta of 1.59. The company has a 50 day simple moving average of $23.70 and a 200-day simple moving average of $21.05. American Eagle Outfitters, Inc. has a 52 week low of $9.95 and a 52 week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.11. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. American Eagle Outfitters’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current year.

American Eagle Outfitters announced that its board has approved a share repurchase program on Thursday, February 1st that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the apparel retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.50 annualized dividend and a yield of 2.05%. American Eagle Outfitters’s dividend payout ratio is presently 58.14%.

American Eagle Outfitters Company 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.