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

Nisa Investment Advisors LLC lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 11.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 18,531 shares of the apparel retailer’s stock after selling 2,309 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Eagle Outfitters were worth $309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. grew its holdings in American Eagle Outfitters by 171.1% in the third 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. Wilmington Savings Fund Society FSB acquired a new position in shares of American Eagle Outfitters during the third quarter worth $141,000. Meeder Asset Management Inc. purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $141,000. Finally, ORG Partners LLC purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $147,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AEO shares. Barclays reduced their target price on American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Bank of America cut their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley upgraded shares of American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $15.00 to $16.00 in a research note on Tuesday, January 21st. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.40.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $16.40 on Thursday. The firm’s fifty day moving average is $17.19 and its two-hundred day moving average is $19.27. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.08 and a beta of 1.53. American Eagle Outfitters, Inc. has a one year low of $15.36 and a one year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $1.29 billion during 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%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts predict 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 paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.05%. American Eagle Outfitters’s payout ratio is 42.74%.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.