Wilmington Savings Fund Society FSB Sells 3,920 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Wilmington Savings Fund Society FSB reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 62.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,375 shares of the apparel retailer’s stock after selling 3,920 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American Eagle Outfitters were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AEO. Zacks Investment Management purchased a new position in American Eagle Outfitters during the third quarter valued at approximately $931,000. Intech Investment Management LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter valued at $3,731,000. NFJ Investment Group LLC bought a new position in American Eagle Outfitters in the 3rd quarter worth $2,680,000. Dupree Financial Group LLC purchased a new stake in American Eagle Outfitters in the 3rd quarter worth $3,146,000. Finally, Nordea Investment Management AB bought a new stake in American Eagle Outfitters during the fourth quarter valued at about $1,557,000. 97.33% of the stock is currently owned by institutional investors.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Up 1.0 %

Shares of NYSE:AEO opened at $14.35 on Friday. The firm has a fifty day simple moving average of $16.46 and a two-hundred day simple moving average of $18.86. American Eagle Outfitters, Inc. has a 52 week low of $14.11 and a 52 week high of $26.44. The stock has a market capitalization of $2.76 billion, a P/E ratio of 12.26, a PEG ratio of 0.95 and a beta of 1.53.

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

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays reaffirmed an “equal weight” rating and issued a $17.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Bank of America dropped their price target on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group lowered their target price 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. JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Telsey Advisory Group decreased their price target on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.00.

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.