American Eagle Outfitters, Inc. $AEO Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,215 shares of the apparel retailer’s stock after selling 5,567 shares during the quarter. ProShare Advisors LLC’s holdings in American Eagle Outfitters were worth $348,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in American Eagle Outfitters during the second quarter worth about $696,000. Savant Capital LLC boosted its position in shares of American Eagle Outfitters by 170.8% during the 2nd quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock valued at $396,000 after purchasing an additional 25,962 shares in the last quarter. Hussman Strategic Advisors Inc. grew its stake in shares of American Eagle Outfitters by 25.0% in the 2nd quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the apparel retailer’s stock worth $1,010,000 after purchasing an additional 21,000 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of American Eagle Outfitters by 18.7% in the 2nd quarter. Bank of Montreal Can now owns 36,687 shares of the apparel retailer’s stock worth $353,000 after purchasing an additional 5,786 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in American Eagle Outfitters during the second quarter valued at approximately $468,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director David M. Sable sold 5,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $19.22, for a total transaction of $96,100.00. Following the completion of the sale, the director directly owned 48,640 shares in the company, valued at approximately $934,860.80. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer M. Foyle sold 54,950 shares of American Eagle Outfitters stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the sale, the insider directly owned 221,107 shares of the company’s stock, valued at approximately $4,010,880.98. The trade was a 19.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 138,766 shares of company stock valued at $2,515,354 in the last three months. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, September 4th. Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. UBS Group upped their target price on American Eagle Outfitters from $21.50 to $22.00 and gave the company a “buy” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on American Eagle Outfitters from $10.00 to $17.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.11.

American Eagle Outfitters Price Performance

Shares of AEO opened at $18.58 on Friday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.87 and a beta of 1.58. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $20.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. The business’s 50-day moving average is $16.99 and its 200-day moving average is $13.55.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, October 10th. American Eagle Outfitters’s payout ratio is currently 48.08%.

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.