Victory Capital Management Inc. Sells 27,467 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Victory Capital Management Inc. lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,343,159 shares of the apparel retailer’s stock after selling 27,467 shares during the period. Victory Capital Management Inc.’s holdings in American Eagle Outfitters were worth $72,400,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AEO. Soros Capital Management LLC bought a new position in shares of American Eagle Outfitters in the 3rd quarter valued at about $11,519,000. Charles Schwab Investment Management Inc. boosted its stake in shares of American Eagle Outfitters by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock valued at $47,976,000 after purchasing an additional 381,047 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of American Eagle Outfitters by 511.9% in the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock valued at $7,182,000 after purchasing an additional 360,447 shares during the last quarter. Wellington Management Group LLP boosted its stake in American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after acquiring an additional 268,326 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in American Eagle Outfitters by 514.1% during the 3rd quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer’s stock worth $6,581,000 after acquiring an additional 246,070 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $12.33 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $11.65 and a twelve month high of $26.44. The firm’s 50 day moving average price is $15.46 and its two-hundred day moving average price is $18.11. The firm has a market cap of $2.37 billion, a P/E ratio of 10.54, a PEG ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.125 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.05%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on AEO. Barclays reissued an “equal weight” rating and set a $17.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Telsey Advisory Group reissued a “market perform” rating and set a $18.00 price objective on shares of American Eagle Outfitters in a research note on Thursday. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group reduced their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.70.

American Eagle Outfitters 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.