UBS Asset Management Americas Inc. boosted its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 26.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,816 shares of the apparel retailer’s stock after acquiring an additional 30,230 shares during the quarter. UBS Asset Management Americas Inc. owned 0.08% of American Eagle Outfitters worth $2,723,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in AEO. Cerebellum GP LLC bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at approximately $129,000. Emerald Advisers Inc. PA bought a new position in American Eagle Outfitters in the 4th quarter worth approximately $207,000. Cubist Systematic Strategies LLC bought a new position in American Eagle Outfitters in the 3rd quarter worth approximately $160,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Eagle Outfitters by 35.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock worth $217,000 after buying an additional 2,993 shares during the period. Finally, Strs Ohio increased its position in American Eagle Outfitters by 142.9% in the 4th quarter. Strs Ohio now owns 11,900 shares of the apparel retailer’s stock worth $223,000 after buying an additional 7,000 shares during the period. Hedge funds and other institutional investors own 86.07% of the company’s stock.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 22,000 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total transaction of $433,180.00. Following the transaction, the insider now owns 49,791 shares in the company, valued at approximately $980,384.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Michael R. Rempell sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $20.24, for a total value of $303,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,467 shares of company stock worth $1,225,867. Corporate insiders own 5.80% of the company’s stock.
Shares of AEO traded down $0.21 during mid-day trading on Friday, reaching $21.04. The company’s stock had a trading volume of 4,833,831 shares, compared to its average volume of 4,027,013. The stock has a market cap of $3,730.56, a price-to-earnings ratio of 18.14, a PEG ratio of 2.03 and a beta of 1.03. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $21.35.
American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.44. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. analysts forecast that American Eagle Outfitters will post 1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Thursday, April 12th. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s dividend payout ratio (DPR) is 43.10%.
A number of research firms have recently issued reports on AEO. Buckingham Research set a $23.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research report on Friday, March 9th. Loop Capital assumed coverage on American Eagle Outfitters in a research note on Thursday, March 22nd. They issued a “buy” rating and a $25.00 price target on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $21.00 price target on shares of American Eagle Outfitters in a research note on Tuesday, January 9th. Royal Bank of Canada set a $22.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Thursday, March 8th. Finally, Citigroup boosted their price objective on American Eagle Outfitters from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, March 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. American Eagle Outfitters has a consensus rating of “Buy” and a consensus price target of $18.37.
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American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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