Robeco Institutional Asset Management B.V. Sells 79,542 Shares of American Eagle Outfitters (NYSE:AEO)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 88.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,862 shares of the apparel retailer’s stock after selling 79,542 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in American Eagle Outfitters were worth $184,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AEO. Norges Bank bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth $47,019,000. Geode Capital Management LLC raised its position in American Eagle Outfitters by 13.6% in the fourth quarter. Geode Capital Management LLC now owns 1,863,590 shares of the apparel retailer’s stock valued at $36,022,000 after purchasing an additional 223,029 shares during the last quarter. Scout Investments Inc. raised its position in American Eagle Outfitters by 4.0% in the first quarter. Scout Investments Inc. now owns 1,008,266 shares of the apparel retailer’s stock valued at $22,353,000 after purchasing an additional 38,671 shares during the last quarter. Hodges Capital Management Inc. raised its position in American Eagle Outfitters by 0.5% in the first quarter. Hodges Capital Management Inc. now owns 528,449 shares of the apparel retailer’s stock valued at $11,716,000 after purchasing an additional 2,708 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in American Eagle Outfitters by 440.4% in the first quarter. Meeder Asset Management Inc. now owns 6,253 shares of the apparel retailer’s stock valued at $139,000 after purchasing an additional 5,096 shares during the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

Shares of AEO opened at $16.07 on Friday. American Eagle Outfitters has a 1 year low of $15.49 and a 1 year high of $29.88. The company has a quick ratio of 0.76, a current ratio of 1.46 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2.84 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. The business’s 50-day moving average is $17.20.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 6.41%. The company had revenue of $886.29 million during the quarter, compared to the consensus estimate of $855.55 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that American Eagle Outfitters will post 1.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were given a dividend of $0.1375 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.42%. American Eagle Outfitters’s dividend payout ratio (DPR) is 37.16%.

Several research firms have commented on AEO. UBS Group set a $26.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Friday, June 21st. Zacks Investment Research upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a research report on Monday, May 27th. Royal Bank of Canada downgraded American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Wedbush dropped their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, June 6th. Finally, ValuEngine downgraded American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target of $23.73.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Further Reading: Outstanding Shares and The Effect on Share Price

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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