Voya Investment Management LLC Has $1.26 Million Stock Position in American Eagle Outfitters, Inc. $AEO

Voya Investment Management LLC lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 59.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,446 shares of the apparel retailer’s stock after selling 106,247 shares during the period. Voya Investment Management LLC’s holdings in American Eagle Outfitters were worth $1,257,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of American Eagle Outfitters by 5.2% during the second quarter. American Century Companies Inc. now owns 6,329,202 shares of the apparel retailer’s stock valued at $60,887,000 after buying an additional 312,168 shares during the last quarter. Millennium Management LLC lifted its stake in American Eagle Outfitters by 37.7% during the 1st quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer’s stock valued at $40,158,000 after acquiring an additional 946,904 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in American Eagle Outfitters by 41.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after acquiring an additional 678,536 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of American Eagle Outfitters by 50.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock worth $13,791,000 after acquiring an additional 482,534 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of American Eagle Outfitters by 82.9% in the 1st quarter. AQR Capital Management LLC now owns 1,299,149 shares of the apparel retailer’s stock worth $14,641,000 after acquiring an additional 588,907 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group raised their price target on shares of American Eagle Outfitters from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Citigroup upped their target price on American Eagle Outfitters from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Cowen reiterated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Morgan Stanley set a $23.00 price objective on American Eagle Outfitters in a research report on Wednesday, December 3rd. Finally, Bank of America raised their target price on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $21.45.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,945 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $16.95, for a total value of $49,917.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer M. Foyle sold 243,047 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider owned 191,751 shares in the company, valued at $4,659,549.30. The trade was a 55.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.70% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Trading Down 0.8%

NYSE:AEO opened at $26.70 on Wednesday. The company has a market cap of $4.53 billion, a P/E ratio of 23.02 and a beta of 1.44. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. The stock’s fifty day moving average price is $21.02 and its two-hundred day moving average price is $16.14.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.50 annualized dividend and a yield of 1.9%. American Eagle Outfitters’s payout ratio is 43.10%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.