Bank of New York Mellon Corp Has $37.97 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Bank of New York Mellon Corp reduced its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,277,829 shares of the apparel retailer's stock after selling 25,452 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.19% of American Eagle Outfitters worth $37,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEO. Blue Trust Inc. lifted its holdings in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after purchasing an additional 937 shares during the last quarter. Principal Securities Inc. lifted its holdings in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new stake in American Eagle Outfitters in the 4th quarter worth approximately $45,000. Advisors Asset Management Inc. lifted its holdings in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in American Eagle Outfitters in the 3rd quarter worth approximately $141,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Price Performance

Shares of AEO traded up $0.50 on Friday, reaching $12.81. 6,641,967 shares of the stock traded hands, compared to its average volume of 4,571,631. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 12 month low of $11.65 and a 12 month high of $26.25. The stock's 50-day moving average price is $15.38 and its 200-day moving average price is $18.07.

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American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters's quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters's dividend payout ratio is presently 42.74%.

Analysts Set New Price Targets

AEO has been the subject of several analyst reports. Citigroup reduced their target price on American Eagle Outfitters from $21.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday. Jefferies Financial Group dropped their price target on American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Tuesday, November 12th. Raymond James started coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a "market perform" rating on the stock. Morgan Stanley downgraded American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Wednesday, February 5th. Finally, Bank of America dropped their price target on American Eagle Outfitters from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of "Hold" and a consensus target price of $19.70.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 7.30% of the stock is owned by insiders.

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.