James Investment Research Inc. Sells 8,625 Shares of American Eagle Outfitters (AEO)

James Investment Research Inc. lowered its holdings in American Eagle Outfitters (NYSE:AEO) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,220 shares of the apparel retailer’s stock after selling 8,625 shares during the period. James Investment Research Inc. owned approximately 0.06% of American Eagle Outfitters worth $2,439,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of American Eagle Outfitters by 15.2% in the second quarter. BlackRock Inc. now owns 21,201,648 shares of the apparel retailer’s stock worth $492,940,000 after acquiring an additional 2,795,939 shares in the last quarter. Northern Trust Corp increased its position in shares of American Eagle Outfitters by 8.5% in the second quarter. Northern Trust Corp now owns 3,441,150 shares of the apparel retailer’s stock worth $80,008,000 after acquiring an additional 269,159 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of American Eagle Outfitters in the second quarter worth $44,997,000. United Services Automobile Association increased its position in shares of American Eagle Outfitters by 1,258.8% in the second quarter. United Services Automobile Association now owns 1,805,286 shares of the apparel retailer’s stock worth $27,061,000 after acquiring an additional 1,672,429 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of American Eagle Outfitters by 2.2% in 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 acquiring an additional 32,609 shares in the last quarter. 86.66% of the stock is owned by institutional investors.

Several research firms have recently issued reports on AEO. Wedbush lowered shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Monday, August 27th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group increased their price objective on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Bank of America increased their price objective on shares of American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, ValuEngine lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $25.40.



AEO opened at $23.26 on Tuesday. The firm has a market cap of $4.09 billion, a P/E ratio of 16.72, a PEG ratio of 1.93 and a beta of 0.83. American Eagle Outfitters has a twelve month low of $12.51 and a twelve month high of $29.88.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 net margin of 6.49% and a return on equity of 20.24%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Equities analysts anticipate that American Eagle Outfitters will post 1.5 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, October 11th. American Eagle Outfitters’s payout ratio is 47.41%.

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

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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