Stevens Capital Management LP lifted its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 11.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,372 shares of the apparel retailer’s stock after purchasing an additional 3,909 shares during the quarter. Stevens Capital Management LP’s holdings in American Eagle Outfitters were worth $829,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mckinley Capital Management LLC Delaware purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth $35,000. FNY Investment Advisers LLC purchased a new position in shares of American Eagle Outfitters during the 1st quarter worth $66,000. Acadian Asset Management LLC grew its holdings in shares of American Eagle Outfitters by 131.5% during the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 2,079 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of American Eagle Outfitters by 122.9% during the 1st quarter. Quadrant Capital Group LLC now owns 4,112 shares of the apparel retailer’s stock worth $86,000 after purchasing an additional 2,267 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in shares of American Eagle Outfitters during the 1st quarter worth $93,000. Institutional investors and hedge funds own 93.61% of the company’s stock.
AEO opened at $20.53 on Thursday. American Eagle Outfitters has a 12-month low of $17.00 and a 12-month high of $29.88. The stock has a market cap of $3.51 billion, a P/E ratio of 13.87, a PEG ratio of 1.80 and a beta of 0.80.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.26 billion. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. American Eagle Outfitters’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Analysts forecast that American Eagle Outfitters will post 1.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 37.16%.
Several research firms recently issued reports on AEO. Wedbush lowered American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 9th. Zacks Investment Research lowered American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Royal Bank of Canada lowered American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price on the stock. in a research note on Thursday, May 9th. They noted that the move was a valuation call. ValuEngine lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus price target of $24.62.
In other American Eagle Outfitters news, insider Charles F. Kessler sold 3,573 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total value of $82,179.00. Following the sale, the insider now owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 117,051 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $23.53, for a total value of $2,754,210.03. Following the completion of the sale, the insider now directly owns 144,228 shares in the company, valued at approximately $3,393,684.84. The disclosure for this sale can be found here. Insiders sold a total of 135,820 shares of company stock worth $3,151,706 in the last ninety days. 6.30% of the stock is owned by corporate insiders.
American Eagle Outfitters Profile
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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