Marshall Wace LLP Decreases Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Marshall Wace LLP trimmed its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) by 0.4% in the third quarter, Holdings Channel reports. The institutional investor owned 537,870 shares of the apparel retailer’s stock after selling 2,424 shares during the period. Marshall Wace LLP’s holdings in American Eagle Outfitters were worth $5,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. EHP Funds Inc. acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter worth approximately $437,000. Engineers Gate Manager LP lifted its position in shares of American Eagle Outfitters by 270.9% during the third quarter. Engineers Gate Manager LP now owns 244,917 shares of the apparel retailer’s stock worth $2,383,000 after purchasing an additional 178,880 shares during the last quarter. First Trust Advisors LP lifted its position in shares of American Eagle Outfitters by 22.0% during the third quarter. First Trust Advisors LP now owns 1,588,892 shares of the apparel retailer’s stock worth $15,460,000 after purchasing an additional 286,049 shares during the last quarter. Baker Avenue Asset Management LP bought a new position in American Eagle Outfitters in the third quarter worth about $2,479,000. Finally, Bayesian Capital Management LP lifted its holdings in American Eagle Outfitters by 210.1% in the third quarter. Bayesian Capital Management LP now owns 91,465 shares of the apparel retailer’s stock worth $890,000 after acquiring an additional 61,965 shares during the last quarter. 93.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Michael R. Rempell sold 18,997 shares of American Eagle Outfitters stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $14.65, for a total value of $278,306.05. Following the transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,519,843.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael R. Rempell sold 33,642 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $15.99, for a total transaction of $537,935.58. Following the transaction, the executive vice president now owns 171,973 shares in the company, valued at approximately $2,749,848.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael R. Rempell sold 18,997 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $14.65, for a total transaction of $278,306.05. Following the transaction, the executive vice president now owns 172,003 shares in the company, valued at approximately $2,519,843.95. The disclosure for this sale can be found here. Insiders have sold 122,853 shares of company stock worth $2,001,454 in the last quarter. 8.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Stock Down 4.1 %

AEO stock opened at $12.78 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. American Eagle Outfitters, Inc. has a 1 year low of $9.46 and a 1 year high of $19.47. The company has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $13.32. The firm has a market cap of $2.39 billion, a PE ratio of 20.61, a PEG ratio of 0.97 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO – Get Rating) last released its quarterly earnings data on Wednesday, March 1st. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. American Eagle Outfitters had a net margin of 2.51% and a return on equity of 13.27%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $0.35 EPS. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.1 EPS for the current fiscal year.

American Eagle Outfitters Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Thursday, April 6th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $0.40 annualized dividend and a yield of 3.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AEO shares. JPMorgan Chase & Co. cut their price target on American Eagle Outfitters from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. StockNews.com upgraded shares of American Eagle Outfitters from a “sell” rating to a “hold” rating in a research report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of American Eagle Outfitters from $17.00 to $18.00 in a research report on Wednesday, January 11th. Jefferies Financial Group lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $16.00 in a research report on Wednesday, February 15th. Finally, Citigroup lifted their price target on shares of American Eagle Outfitters from $10.00 to $17.00 in a research report on Wednesday, November 23rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $14.92.

American Eagle Outfitters Profile

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American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.