Highbridge Capital Management LLC Acquires New Holdings in American Eagle Outfitters (AEO)

Highbridge Capital Management LLC purchased a new stake in American Eagle Outfitters (NYSE:AEO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,000 shares of the apparel retailer’s stock, valued at approximately $257,000.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in American Eagle Outfitters by 9.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,914,649 shares of the apparel retailer’s stock worth $113,179,000 after acquiring an additional 693,993 shares in the last quarter. LSV Asset Management raised its stake in American Eagle Outfitters by 1.1% during the 2nd quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock worth $88,446,000 after acquiring an additional 76,600 shares in the last quarter. Hamlin Capital Management LLC raised its stake in American Eagle Outfitters by 16.4% during the 3rd quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after acquiring an additional 940,045 shares in the last quarter. State Street Corp raised its stake in American Eagle Outfitters by 4.5% during the 2nd quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock worth $72,433,000 after acquiring an additional 258,845 shares in the last quarter. Finally, Northern Trust Corp increased its stake in American Eagle Outfitters by 4.0% in the second quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock valued at $39,768,000 after purchasing an additional 128,068 shares during the period. 83.20% of the stock is owned by institutional investors.

A number of research firms have commented on AEO. Buckingham Research upgraded shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday. SunTrust Banks reaffirmed a “buy” rating and issued a $21.00 target price on shares of American Eagle Outfitters in a report on Tuesday. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. BMO Capital Markets set a $21.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $15.86.

Shares of American Eagle Outfitters (NYSE AEO) traded up $0.67 during mid-day trading on Thursday, reaching $18.18. 5,300,800 shares of the company traded hands, compared to its average volume of 5,830,000. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $19.48. The firm has a market capitalization of $3,220.00, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. American Eagle Outfitters’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. sell-side analysts forecast that American Eagle Outfitters will post 1.15 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.125 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 2.75%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.95%.

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About American Eagle Outfitters

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.

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

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