Fisher Asset Management LLC Has $44.77 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Fisher Asset Management LLC cut its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,115,951 shares of the apparel retailer’s stock after selling 235,890 shares during the quarter. Fisher Asset Management LLC owned about 1.07% of American Eagle Outfitters worth $44,774,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of American Eagle Outfitters by 1,050.5% during the fourth quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock worth $56,740,000 after buying an additional 2,448,400 shares during the period. Goldman Sachs Group Inc. boosted its stake in American Eagle Outfitters by 62.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,233,659 shares of the apparel retailer’s stock worth $47,264,000 after acquiring an additional 860,578 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in American Eagle Outfitters by 16.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 59,764 shares of the apparel retailer’s stock worth $1,265,000 after acquiring an additional 8,600 shares in the last quarter. Neo Ivy Capital Management bought a new position in American Eagle Outfitters during the fourth quarter worth $86,000. Finally, Boulder Hill Capital Management LP bought a new position in American Eagle Outfitters during the fourth quarter worth $2,254,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on AEO. UBS Group increased their target price on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, May 30th. Morgan Stanley dropped their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. Bank of America raised their price objective on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Finally, Barclays raised their price objective on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

AEO opened at $20.87 on Tuesday. The company’s 50-day moving average is $23.08 and its 200 day moving average is $22.36. American Eagle Outfitters, Inc. has a fifty-two week low of $11.37 and a fifty-two week high of $26.44. The firm has a market capitalization of $4.10 billion, a P/E ratio of 18.80, a PEG ratio of 0.99 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm earned $0.17 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, July 12th. This represents a $0.50 dividend on an annualized basis and a yield of 2.40%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Insider Buying and Selling

In related news, insider Jennifer M. Foyle sold 26,440 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $652,010.40. Following the completion of the sale, the insider now owns 226,497 shares in the company, valued at $5,585,416.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Jennifer M. Foyle sold 26,440 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $652,010.40. Following the completion of the sale, the insider now owns 226,497 shares in the company, valued at $5,585,416.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,319 shares of company stock worth $1,312,938. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Company 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.