James Investment Research Inc. lowered its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 37.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,080 shares of the apparel retailer’s stock after selling 26,158 shares during the period. James Investment Research Inc.’s holdings in American Eagle Outfitters were worth $955,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEO. Norges Bank acquired a new stake in American Eagle Outfitters during the fourth quarter worth approximately $47,019,000. Vanguard Group Inc grew its stake in American Eagle Outfitters by 9.8% during the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock worth $425,035,000 after purchasing an additional 1,521,279 shares during the period. Vanguard Group Inc. grew its stake in American Eagle Outfitters by 9.8% during the third quarter. Vanguard Group Inc. now owns 17,117,791 shares of the apparel retailer’s stock worth $425,035,000 after purchasing an additional 1,521,279 shares during the period. Oregon Public Employees Retirement Fund grew its stake in American Eagle Outfitters by 1,864.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,299,537 shares of the apparel retailer’s stock worth $67,000 after purchasing an additional 1,233,392 shares during the period. Finally, FMR LLC grew its stake in American Eagle Outfitters by 5,883.7% during the fourth quarter. FMR LLC now owns 1,192,430 shares of the apparel retailer’s stock worth $23,050,000 after purchasing an additional 1,172,502 shares during the period. 93.61% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on AEO. Zacks Investment Research cut American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Wedbush lowered American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a report on Thursday, May 9th. ValuEngine lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, May 10th. Jefferies Financial Group set a $28.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada lowered American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price target on the stock. in a report on Thursday, May 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $24.62.
In related news, insider Jennifer M. Foyle sold 117,051 shares of American Eagle Outfitters stock in a transaction on Monday, May 6th. The stock was sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the sale, the insider now directly owns 144,228 shares in the company, valued at $3,393,684.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew J. Mclean sold 15,196 shares of American Eagle Outfitters stock in a transaction on Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $315,317.00. Following the sale, the executive vice president now owns 30,180 shares in the company, valued at $626,235. The disclosure for this sale can be found here. Insiders have sold 135,820 shares of company stock worth $3,151,706 over the last quarter. 6.30% of the stock is currently owned by corporate insiders.
Shares of AEO stock traded down $1.27 during trading hours on Wednesday, reaching $18.72. The company had a trading volume of 6,471,600 shares, compared to its average volume of 3,882,114. American Eagle Outfitters has a 12 month low of $17.00 and a 12 month high of $29.88. The firm has a market capitalization of $3.44 billion, a PE ratio of 12.65, a P/E/G ratio of 1.76 and a beta of 0.80.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters will post 1.58 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.55 dividend on an annualized basis and a yield of 2.94%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 37.16%.
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About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle 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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