Victory Capital Management Inc. Sells 27,467 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Victory Capital Management Inc. cut its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,343,159 shares of the apparel retailer’s stock after selling 27,467 shares during the period. Victory Capital Management Inc. owned approximately 2.26% of American Eagle Outfitters worth $72,400,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in American Eagle Outfitters by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock valued at $47,976,000 after purchasing an additional 381,047 shares during the period. Jones Financial Companies Lllp boosted its holdings in American Eagle Outfitters by 140.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer’s stock valued at $65,000 after purchasing an additional 2,297 shares during the period. Bailard Inc. boosted its holdings in American Eagle Outfitters by 113.6% in the 4th quarter. Bailard Inc. now owns 40,800 shares of the apparel retailer’s stock valued at $680,000 after purchasing an additional 21,700 shares during the period. Norden Group LLC acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $541,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 1,944 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AEO shares. Morgan Stanley cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $19.00 to $17.00 in a research note on Wednesday, February 5th. Citigroup dropped their price objective on shares of American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Bank of America dropped their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Raymond James started coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.70.

American Eagle Outfitters Stock Up 1.8 %

Shares of American Eagle Outfitters stock opened at $12.33 on Friday. The stock has a market capitalization of $2.37 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company has a 50-day simple moving average of $15.46 and a 200 day simple moving average of $18.11. American Eagle Outfitters, Inc. has a 12-month low of $11.65 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s payout ratio is presently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

About American Eagle Outfitters

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.