Mount Yale Investment Advisors LLC Grows Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Mount Yale Investment Advisors LLC lifted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 37.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,209 shares of the apparel retailer’s stock after purchasing an additional 3,300 shares during the period. Mount Yale Investment Advisors LLC’s holdings in American Eagle Outfitters were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in American Eagle Outfitters by 2.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after acquiring an additional 268,326 shares during the last quarter. Congress Asset Management Co. purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $119,691,000. Victory Capital Management Inc. grew its position in shares of American Eagle Outfitters by 40.6% in the third quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Principal Financial Group Inc. lifted its position in American Eagle Outfitters by 8.4% during the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after buying an additional 226,821 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in American Eagle Outfitters by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after buying an additional 281,548 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AEO has been the topic of several analyst reports. Barclays reduced their price target on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Morgan Stanley raised shares of American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $15.00 to $16.00 in a research report on Tuesday, January 21st. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. Finally, Bank of America cut their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.40.

American Eagle Outfitters Trading Down 1.4 %

Shares of NYSE:AEO opened at $16.40 on Thursday. American Eagle Outfitters, Inc. has a 52 week low of $15.36 and a 52 week high of $26.44. The company’s 50 day moving average is $17.19 and its two-hundred day moving average is $19.27. The company has a market cap of $3.15 billion, a PE ratio of 14.02, a P/E/G ratio of 1.08 and a beta of 1.53.

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

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

American Eagle Outfitters 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.