American Eagle Outfitters, Inc. $AEO Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 44.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,024 shares of the apparel retailer’s stock after selling 65,680 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in American Eagle Outfitters were worth $1,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of American Eagle Outfitters by 5.2% during the 2nd quarter. American Century Companies Inc. now owns 6,329,202 shares of the apparel retailer’s stock valued at $60,887,000 after purchasing an additional 312,168 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in American Eagle Outfitters by 41.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after buying an additional 678,536 shares in the last quarter. Russell Investments Group Ltd. grew its position in American Eagle Outfitters by 50.7% in the second quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock worth $13,791,000 after buying an additional 482,534 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of American Eagle Outfitters by 9.5% in the second quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock valued at $9,595,000 after buying an additional 86,241 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of American Eagle Outfitters by 37.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 862,000 shares of the apparel retailer’s stock valued at $8,292,000 after acquiring an additional 233,357 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $23.28 on Friday. The company has a market capitalization of $3.95 billion, a PE ratio of 20.07, a PEG ratio of 7.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The company’s 50 day moving average price is $24.93 and its 200 day moving average price is $18.61. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46.

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

American Eagle Outfitters Dividend Announcement

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

Wall Street Analysts Forecast Growth

AEO has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $14.00 to $20.00 in a report on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a research note on Wednesday, December 3rd. UBS Group boosted their price objective on American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Wednesday, October 8th. Finally, TD Cowen reissued a “hold” rating on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $22.45.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 1,896 shares of American Eagle Outfitters 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 disclosure for this sale is available in the SEC filing. Insiders have sold 246,839 shares of company stock worth $6,004,388 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

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.