Royce & Associates LP boosted its stake in shares of American Eagle Outfitters (NYSE:AEO) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,593,582 shares of the apparel retailer’s stock after buying an additional 125,407 shares during the period. Royce & Associates LP’s holdings in American Eagle Outfitters were worth $23,426,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. State of Michigan Retirement System increased its position in American Eagle Outfitters by 1.5% during the 4th quarter. State of Michigan Retirement System now owns 46,775 shares of the apparel retailer’s stock valued at $688,000 after buying an additional 700 shares in the last quarter. Advisory Services Network LLC increased its position in American Eagle Outfitters by 55.6% during the 4th quarter. Advisory Services Network LLC now owns 2,223 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 794 shares in the last quarter. Private Ocean LLC bought a new position in American Eagle Outfitters during the 3rd quarter valued at approximately $29,000. Avestar Capital LLC increased its position in American Eagle Outfitters by 20.5% during the 3rd quarter. Avestar Capital LLC now owns 10,425 shares of the apparel retailer’s stock valued at $169,000 after buying an additional 1,777 shares in the last quarter. Finally, CWM LLC bought a new position in American Eagle Outfitters during the 4th quarter valued at approximately $30,000. 91.41% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. BMO Capital Markets started coverage on American Eagle Outfitters in a research report on Monday, February 3rd. They set a “market perform” rating and a $15.00 price objective for the company. ValuEngine raised American Eagle Outfitters from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Loop Capital lowered American Eagle Outfitters from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $15.00 in a report on Monday, November 25th. Barclays started coverage on American Eagle Outfitters in a report on Tuesday, November 12th. They issued an “equal weight” rating and a $17.00 target price for the company. Finally, Zacks Investment Research lowered American Eagle Outfitters from a “hold” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.69.
Shares of American Eagle Outfitters stock traded up $0.06 on Friday, reaching $14.82. The company’s stock had a trading volume of 200,864 shares, compared to its average volume of 3,627,150. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 1.68 and a beta of 0.84. The firm’s fifty day simple moving average is $14.51 and its two-hundred day simple moving average is $15.46. American Eagle Outfitters has a 52 week low of $13.66 and a 52 week high of $24.30. The company has a quick ratio of 0.53, a current ratio of 1.33 and a debt-to-equity ratio of 1.07.
American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 11th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. American Eagle Outfitters had a return on equity of 21.25% and a net margin of 6.20%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. As a group, research analysts predict that American Eagle Outfitters will post 1.47 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.1375 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.71%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 37.16%.
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 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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