Balyasny Asset Management LLC raised its position in shares of American Eagle Outfitters (NYSE:AEO) by 222.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,142 shares of the apparel retailer’s stock after buying an additional 39,447 shares during the quarter. Balyasny Asset Management LLC’s holdings in American Eagle Outfitters were worth $689,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of American Eagle Outfitters by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the last quarter. Ronald Blue & Co. LLC lifted its stake in shares of American Eagle Outfitters by 3.1% in the 2nd quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock valued at $126,000 after purchasing an additional 311 shares during the last quarter. CIBC World Markets Inc. lifted its stake in shares of American Eagle Outfitters by 0.6% during the 2nd quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after acquiring an additional 63 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in shares of American Eagle Outfitters by 91.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after acquiring an additional 5,282 shares during the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in shares of American Eagle Outfitters during the 1st quarter worth approximately $147,000. Institutional investors and hedge funds own 83.76% of the company’s stock.
AEO has been the subject of a number of research analyst reports. BidaskClub raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. BMO Capital Markets set a $15.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 24th. Finally, Jefferies Group LLC set a $18.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $14.61.
American Eagle Outfitters (AEO) traded down 1.57% during midday trading on Friday, hitting $13.79. The stock had a trading volume of 370,994 shares. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $19.00. The stock has a 50-day moving average price of $13.46 and a 200 day moving average price of $12.50. The firm has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 1.10.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 2.51% and a return on equity of 7.60%. The company had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same period in the previous year, the company earned $0.23 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that American Eagle Outfitters will post $1.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.50 annualized dividend and a dividend yield of 3.57%. American Eagle Outfitters’s dividend payout ratio is presently 51.55%.
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In other news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the sale, the insider now directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is owned by insiders.
American Eagle Outfitters Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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