Oppenheimer Asset Management Inc. Has $1.07 Million Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Oppenheimer Asset Management Inc. lessened its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,353 shares of the apparel retailer’s stock after selling 17,245 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in American Eagle Outfitters were worth $1,073,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $931,000. Intech Investment Management LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth $3,731,000. NFJ Investment Group LLC acquired a new position in shares of American Eagle Outfitters during the 3rd quarter worth $2,680,000. Entropy Technologies LP acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth $378,000. Finally, Nordea Investment Management AB acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth $1,557,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

AEO has been the topic of several analyst reports. Raymond James initiated coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Barclays restated an “equal weight” rating and set a $17.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Jefferies Financial Group dropped 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 research note on Tuesday, November 12th. UBS Group decreased their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Finally, BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.44.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $12.02 on Wednesday. American Eagle Outfitters, Inc. has a fifty-two week low of $11.81 and a fifty-two week high of $26.44. The firm has a fifty day moving average price of $15.55 and a two-hundred day moving average price of $18.15. The company has a market cap of $2.31 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53.

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

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

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.