American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. trimmed its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,838 shares of the apparel retailer’s stock after selling 1,963 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in American Eagle Outfitters were worth $214,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AEO. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. raised its position in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of American Eagle Outfitters during the third quarter valued at approximately $141,000. Meeder Asset Management Inc. acquired a new stake in American Eagle Outfitters during the third quarter worth approximately $141,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in American Eagle Outfitters in the 3rd quarter worth approximately $199,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 2.8 %

Shares of NYSE AEO opened at $16.73 on Wednesday. The stock has a fifty day moving average price of $17.87 and a 200 day moving average price of $19.67. American Eagle Outfitters, Inc. has a 12-month low of $16.06 and a 12-month high of $26.44. The company has a market cap of $3.21 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.12 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results 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. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.69 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.99%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Bank of America decreased their price objective on American Eagle Outfitters from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, December 5th. Jefferies Financial Group decreased their price target on 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. Raymond James started coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $23.00 target price (down from $27.00) on shares of American Eagle Outfitters in a report on Wednesday, December 4th. Finally, UBS Group cut their price target 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average price target of $22.40.

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.