Great Lakes Advisors LLC Has $3.40 Million Stock Position in American Eagle Outfitters, Inc. $AEO

Great Lakes Advisors LLC trimmed its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 10.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 198,909 shares of the apparel retailer’s stock after selling 23,099 shares during the quarter. Great Lakes Advisors LLC’s holdings in American Eagle Outfitters were worth $3,403,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in American Eagle Outfitters in the 2nd quarter valued at $35,000. Strs Ohio bought a new stake in shares of American Eagle Outfitters during the third quarter worth $36,000. Federated Hermes Inc. lifted its stake in shares of American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after acquiring an additional 2,315 shares during the period. McIlrath & Eck LLC bought a new position in American Eagle Outfitters in the third quarter valued at about $39,000. Finally, Covestor Ltd increased its position in American Eagle Outfitters by 228.8% in the third quarter. Covestor Ltd now owns 3,344 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 2,327 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEO has been the topic of several analyst reports. Morgan Stanley set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. UBS Group increased their price target on American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. TD Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price objective on American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, Barclays increased their target price on American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.45.

American Eagle Outfitters Stock Down 0.1%

AEO opened at $23.28 on Friday. The stock’s fifty day simple moving average is $24.93 and its 200 day simple moving average is $18.55. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $28.46. The stock has a market cap of $3.95 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 7.55 and a beta of 1.39. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

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

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 9th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s payout ratio is currently 43.10%.

Insiders Place Their Bets

In other news, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the completion of the sale, the insider owned 191,751 shares in the company, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 246,839 shares of company stock valued at $6,004,388. 8.70% of the stock is currently owned by corporate insiders.

About American Eagle Outfitters

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.