Rockefeller Capital Management L.P. Sells 41,338 Shares of American Eagle Outfitters, Inc. $AEO

Rockefeller Capital Management L.P. lowered its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 43.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,163 shares of the apparel retailer’s stock after selling 41,338 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in American Eagle Outfitters were worth $1,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL boosted its holdings in shares of American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after buying an additional 500 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in American Eagle Outfitters during the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in American Eagle Outfitters during the fourth quarter valued at approximately $32,000. Raymond James Financial Inc. bought a new position in American Eagle Outfitters in the second quarter worth approximately $35,000. Finally, Federated Hermes Inc. raised its position 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 worth $37,000 after acquiring an additional 2,315 shares during the period. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $17.30 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a 12-month low of $9.58 and a 12-month high of $28.46. The stock has a 50-day moving average price of $17.09 and a 200 day moving average price of $20.64. The stock has a market capitalization of $2.90 billion, a P/E ratio of 10.68, a P/E/G ratio of 3.74 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. American Eagle Outfitters’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.29) EPS. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AEO shares. The Goldman Sachs Group set a $22.00 price objective on shares of American Eagle Outfitters in a research report on Monday, June 1st. Barclays decreased their target price on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Weiss Ratings downgraded American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. Zacks Research lowered American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, TD Cowen reduced their price target on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.36.

Insider Buying and Selling

In related news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is currently owned by corporate insiders.

American Eagle Outfitters 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.