Oppenheimer Asset Management Inc. Cuts Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Oppenheimer Asset Management Inc. trimmed its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,353 shares of the apparel retailer’s stock after selling 17,245 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Eagle Outfitters were worth $1,073,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares in the last quarter. Principal Securities Inc. lifted its position in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new stake in American Eagle Outfitters in the 4th quarter valued at about $45,000. Advisors Asset Management Inc. lifted its position in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $141,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEO. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Bank of America dropped their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Raymond James started coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.44.

American Eagle Outfitters Price Performance

NYSE AEO opened at $12.02 on Wednesday. The company’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $18.15. American Eagle Outfitters, Inc. has a 12 month low of $11.81 and a 12 month high of $26.44. The company has a market capitalization of $2.31 billion, a P/E ratio of 10.27, a PEG ratio of 0.82 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.16%. American Eagle Outfitters’s payout ratio is currently 42.74%.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 7.30% of the company’s stock.

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.