Nisa Investment Advisors LLC Cuts Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Nisa Investment Advisors LLC lowered its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,283 shares of the apparel retailer’s stock after selling 3,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Eagle Outfitters were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $38,000. Financial Management Professionals Inc. bought a new stake in American Eagle Outfitters in the third quarter valued at approximately $31,000. State of Wyoming bought a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $27,000. Canada Pension Plan Investment Board bought a new stake in American Eagle Outfitters in the first quarter valued at approximately $37,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in American Eagle Outfitters in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer M. Foyle sold 16,971 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total value of $433,269.63. Following the sale, the insider now directly owns 226,497 shares in the company, valued at $5,782,468.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,590 shares of company stock valued at $2,221,028. Insiders own 7.50% of the company’s stock.

American Eagle Outfitters Trading Up 0.3 %

AEO opened at $22.37 on Thursday. The stock has a fifty day simple moving average of $23.61 and a two-hundred day simple moving average of $20.76. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.59. American Eagle Outfitters, Inc. has a 12-month low of $9.95 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. On average, analysts predict that American Eagle Outfitters, Inc. will post 1.71 EPS for the current year.

American Eagle Outfitters announced that its board has approved a stock repurchase plan on Thursday, February 1st that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the apparel retailer to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.125 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.24%. American Eagle Outfitters’s dividend payout ratio is currently 58.14%.

Analyst Upgrades and Downgrades

AEO has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, April 9th. UBS Group boosted their price objective on American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, February 26th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Citigroup upped their target price on American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Finally, Telsey Advisory Group upped their target price on American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.27.

About American Eagle Outfitters

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.