Raymond James & Associates increased its holdings in American Eagle Outfitters (NYSE:AEO) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,028 shares of the apparel retailer’s stock after purchasing an additional 5,992 shares during the period. Raymond James & Associates’ holdings in American Eagle Outfitters were worth $1,956,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in AEO. Teachers Retirement System of The State of Kentucky boosted its holdings in American Eagle Outfitters by 12.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 40,090 shares of the apparel retailer’s stock valued at $754,000 after acquiring an additional 4,300 shares during the last quarter. Two Sigma Investments LP boosted its holdings in American Eagle Outfitters by 274.7% in the fourth quarter. Two Sigma Investments LP now owns 45,411 shares of the apparel retailer’s stock valued at $854,000 after acquiring an additional 71,411 shares during the last quarter. Two Sigma Advisers LP acquired a new position in American Eagle Outfitters in the fourth quarter valued at $267,000. Ellington Management Group LLC boosted its holdings in American Eagle Outfitters by 245.4% in the fourth quarter. Ellington Management Group LLC now owns 184,800 shares of the apparel retailer’s stock valued at $3,474,000 after acquiring an additional 131,300 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in American Eagle Outfitters in the fourth quarter valued at $2,535,000. 86.07% of the stock is owned by institutional investors and hedge funds.
NYSE:AEO opened at $21.77 on Friday. American Eagle Outfitters has a one year low of $10.23 and a one year high of $22.03. The stock has a market capitalization of $3,803.26, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03.
American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. analysts forecast that American Eagle Outfitters will post 1.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a $0.1375 dividend. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, April 12th. This represents a $0.55 annualized dividend and a dividend yield of 2.53%. American Eagle Outfitters’s payout ratio is 47.41%.
A number of brokerages have commented on AEO. Buckingham Research upgraded 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, January 11th. Jefferies Group restated a “buy” rating and set a $24.00 price objective on shares of American Eagle Outfitters in a research note on Friday, February 23rd. Telsey Advisory Group boosted their price objective on American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. Finally, Zacks Investment Research cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.37.
In related news, insider Jennifer M. Foyle sold 120,070 shares of the business’s stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $21.09, for a total value of $2,532,276.30. Following the completion of the sale, the insider now directly owns 115,591 shares of the company’s stock, valued at $2,437,814.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael R. Rempell sold 9,467 shares of the business’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $20.10, for a total value of $190,286.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,537 shares of company stock worth $3,758,143. Insiders own 5.80% of the company’s stock.
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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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