Foundry Partners LLC Reduces Stock Position in American Eagle Outfitters (NYSE:AEO)

Foundry Partners LLC reduced its holdings in American Eagle Outfitters (NYSE:AEO) by 8.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,635 shares of the apparel retailer’s stock after selling 2,950 shares during the period. Foundry Partners LLC’s holdings in American Eagle Outfitters were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of American Eagle Outfitters by 112.4% in the 4th quarter. Advisors Asset Management Inc. now owns 1,971 shares of the apparel retailer’s stock worth $29,000 after acquiring an additional 1,043 shares during the last quarter. CWM LLC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $30,000. Advisory Services Network LLC lifted its holdings in shares of American Eagle Outfitters by 55.6% in the 4th quarter. Advisory Services Network LLC now owns 2,223 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 794 shares during the last quarter. Verus Capital Partners LLC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Eagle Outfitters by 84.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,667 shares of the apparel retailer’s stock worth $140,000 after acquiring an additional 8,112 shares during the last quarter. Hedge funds and other institutional investors own 91.95% of the company’s stock.

NYSE:AEO opened at $8.97 on Friday. American Eagle Outfitters has a one year low of $6.53 and a one year high of $19.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 1.39. The firm has a market cap of $1.48 billion, a P/E ratio of 8.01 and a beta of 1.12. The firm has a 50-day simple moving average of $8.16 and a 200-day simple moving average of $12.34.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. American Eagle Outfitters had a net margin of 4.44% and a return on equity of 20.31%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts predict that American Eagle Outfitters will post 0.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 23rd. Stockholders of record on Friday, April 9th will be given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Thursday, April 8th.

In other news, Director Noel Joseph Spiegel acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $9.70 per share, with a total value of $97,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $97,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles F. Kessler sold 70,000 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, April 3rd. The stock was sold at an average price of $6.87, for a total transaction of $480,900.00. Following the completion of the transaction, the insider now directly owns 110,015 shares in the company, valued at approximately $755,803.05. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on AEO shares. Cfra lowered their target price on shares of American Eagle Outfitters from $19.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Loop Capital lowered shares of American Eagle Outfitters from a “hold” rating to a “sell” rating and lowered their target price for the stock from $14.00 to $7.00 in a report on Wednesday, April 15th. Royal Bank of Canada restated a “hold” rating and issued a $9.00 target price on shares of American Eagle Outfitters in a report on Wednesday, April 8th. DA Davidson lowered shares of American Eagle Outfitters from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $8.00 in a report on Tuesday, March 24th. Finally, Raymond James upgraded shares of American Eagle Outfitters from a “market perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.00.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Further Reading: Neutral Rating

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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