Fisher Asset Management LLC Decreases Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Fisher Asset Management LLC cut its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,218,592 shares of the apparel retailer’s stock after selling 19,035 shares during the quarter. Fisher Asset Management LLC owned approximately 1.16% of American Eagle Outfitters worth $49,674,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEO. Kathleen S. Wright Associates Inc. purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its holdings in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the period. Innealta Capital LLC purchased a new stake in shares of American Eagle Outfitters during the second quarter worth $78,000. nVerses Capital LLC bought a new position in shares of American Eagle Outfitters in the second quarter worth $108,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of American Eagle Outfitters in the second quarter valued at $140,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $17.89 on Wednesday. American Eagle Outfitters, Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $26.44. The stock has a market cap of $3.43 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. The firm’s fifty day moving average price is $19.90 and its 200-day moving average price is $20.71.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Friday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at American Eagle Outfitters

In other news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEO shares. UBS Group dropped their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Jefferies Financial Group lowered their price target on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Barclays cut their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. Finally, TD Cowen lowered their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $25.00.

About American Eagle Outfitters

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.