Deprince Race & Zollo Inc. Sells 527,285 Shares of American Eagle Outfitters, Inc. $AEO

Deprince Race & Zollo Inc. reduced its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,491,279 shares of the apparel retailer’s stock after selling 527,285 shares during the quarter. American Eagle Outfitters accounts for approximately 1.2% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 17th biggest holding. Deprince Race & Zollo Inc.’s holdings in American Eagle Outfitters were worth $59,736,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AEO. NFJ Investment Group LLC grew its position in shares of American Eagle Outfitters by 0.7% in the 1st quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer’s stock valued at $1,384,000 after acquiring an additional 845 shares during the period. Tidal Investments LLC lifted its stake in American Eagle Outfitters by 2.0% in the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer’s stock valued at $519,000 after purchasing an additional 1,046 shares during the last quarter. Empowered Funds LLC grew its holdings in American Eagle Outfitters by 9.6% during the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after purchasing an additional 1,398 shares during the period. Asset Management One Co. Ltd. increased its position in American Eagle Outfitters by 43.3% during the second quarter. Asset Management One Co. Ltd. now owns 5,978 shares of the apparel retailer’s stock worth $58,000 after buying an additional 1,805 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 2,315 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on AEO shares. Telsey Advisory Group lifted their target price on American Eagle Outfitters from $18.00 to $25.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 3rd. Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. UBS Group upped their price objective on shares of American Eagle Outfitters from $22.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. BTIG Research initiated coverage on shares of American Eagle Outfitters in a research note on Thursday, September 18th. They set a “neutral” rating for the company. Finally, Morgan Stanley set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $21.45.

Insider Buying and Selling

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 243,047 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider owned 191,751 shares in the company, valued at $4,659,549.30. This trade represents a 55.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 2,945 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $16.95, for a total value of $49,917.75. The SEC filing for this sale provides additional information. 8.70% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Down 1.3%

AEO opened at $26.31 on Friday. The stock has a fifty day moving average of $20.57 and a 200-day moving average of $15.86. The company has a market capitalization of $4.46 billion, a P/E ratio of 22.68 and a beta of 1.44. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm earned $0.48 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.