Russell Investments Group Ltd. reduced its stake in American Eagle Outfitters (NYSE:AEO) by 47.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,182 shares of the apparel retailer’s stock after selling 65,523 shares during the period. Russell Investments Group Ltd.’s holdings in American Eagle Outfitters were worth $1,047,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of AEO. Dimensional Fund Advisors LP lifted its holdings in American Eagle Outfitters by 30.5% during the second quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock worth $87,008,000 after acquiring an additional 1,687,520 shares in the last quarter. Hamlin Capital Management LLC lifted its holdings in American Eagle Outfitters by 16.4% during the third 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. Maverick Capital Ltd. bought a new position in American Eagle Outfitters during the second quarter worth about $3,286,000. OxFORD Asset Management LLP lifted its holdings in American Eagle Outfitters by 1,246.8% during the second quarter. OxFORD Asset Management LLP now owns 285,188 shares of the apparel retailer’s stock worth $3,437,000 after acquiring an additional 264,013 shares in the last quarter. Finally, State Street Corp lifted its holdings in American Eagle Outfitters by 4.5% during the second 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. Institutional investors and hedge funds own 83.20% of the company’s stock.
Several research analysts have weighed in on AEO shares. SunTrust Banks reiterated a “buy” rating and set a $15.00 target price on shares of American Eagle Outfitters in a report on Monday, October 2nd. Cowen reiterated an “outperform” rating and set a $16.00 target price (up from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, October 10th. B. Riley restated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, November 1st. Finally, Wolfe Research upgraded American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $15.74.
Shares of American Eagle Outfitters (NYSE AEO) opened at $18.34 on Friday. The stock has a market capitalization of $3,250.00, a PE ratio of 20.15, a P/E/G ratio of 2.10 and a beta of 1.18. American Eagle Outfitters has a 12-month low of $10.23 and a 12-month high of $19.48.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. American Eagle Outfitters’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. equities research analysts predict that American Eagle Outfitters will post 1.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 54.95%.
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American Eagle Outfitters Company 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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