Allspring Global Investments Holdings LLC Sells 251,183 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Allspring Global Investments Holdings LLC reduced its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 51.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 233,657 shares of the apparel retailer's stock after selling 251,183 shares during the period. Allspring Global Investments Holdings LLC owned 0.12% of American Eagle Outfitters worth $5,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters in the 3rd quarter valued at about $32,000. Hexagon Capital Partners LLC raised its stake in American Eagle Outfitters by 81.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,564 shares of the apparel retailer's stock valued at $66,000 after acquiring an additional 1,148 shares during the period. Innealta Capital LLC bought a new stake in American Eagle Outfitters in the 2nd quarter valued at about $78,000. nVerses Capital LLC purchased a new position in American Eagle Outfitters during the 2nd quarter valued at about $108,000. Finally, Picton Mahoney Asset Management purchased a new position in American Eagle Outfitters during the 2nd quarter valued at about $140,000. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AEO. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday, October 2nd. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Monday, September 2nd. Barclays decreased their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating on the stock in a report on Friday, August 30th. Finally, UBS Group decreased their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.75.

American Eagle Outfitters Stock Performance

Shares of AEO stock traded up $0.47 on Monday, hitting $20.33. 5,353,514 shares of the company's stock traded hands, compared to its average volume of 4,537,399. American Eagle Outfitters, Inc. has a one year low of $15.92 and a one year high of $26.44. The company's fifty day simple moving average is $20.67 and its 200 day simple moving average is $21.43. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. As a group, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.46%. American Eagle Outfitters's payout ratio is currently 45.05%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total value of $49,061.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares of the company's stock, valued at $35,507,894.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Insiders sold 1,050,702 shares of company stock valued at $21,148,718 in the last quarter. Company 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.