HighTower Advisors LLC boosted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,893 shares of the apparel retailer’s stock after buying an additional 290 shares during the period. HighTower Advisors LLC’s holdings in American Eagle Outfitters were worth $210,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of American Eagle Outfitters by 8,781.1% in the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after buying an additional 17,572,904 shares during the last quarter. Hamlin Capital Management LLC boosted its position in shares of American Eagle Outfitters by 221.5% in the first quarter. Hamlin Capital Management LLC now owns 4,280,730 shares of the apparel retailer’s stock valued at $60,059,000 after buying an additional 2,949,165 shares during the last quarter. RidgeWorth Capital Management LLC acquired a new position in shares of American Eagle Outfitters during the first quarter valued at $29,610,000. Norges Bank acquired a new position in shares of American Eagle Outfitters during the fourth quarter valued at $25,213,000. Finally, Mackay Shields LLC acquired a new position in shares of American Eagle Outfitters during the first quarter valued at $21,097,000. Institutional investors own 89.03% of the company’s stock.
Shares of American Eagle Outfitters, Inc. (NYSE AEO) traded down 1.33% on Friday, reaching $11.11. 5,500,870 shares of the company traded hands. American Eagle Outfitters, Inc. has a 1-year low of $10.56 and a 1-year high of $19.04. The firm has a market capitalization of $1.97 billion, a P/E ratio of 10.28 and a beta of 1.09. The stock has a 50-day moving average price of $11.67 and a 200 day moving average price of $13.01.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $761.80 million during the quarter, compared to analyst estimates of $741.76 million. American Eagle Outfitters had a net margin of 5.44% and a return on equity of 18.95%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Analysts anticipate that American Eagle Outfitters, Inc. will post $1.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Wednesday, July 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 46.30%.
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Several equities analysts have commented on AEO shares. Deutsche Bank AG reissued a “buy” rating and set a $20.00 target price on shares of American Eagle Outfitters in a research report on Monday, April 24th. Wolfe Research cut shares of American Eagle Outfitters from a “peer perform” rating to an “underperform” rating in a research report on Tuesday, May 9th. Jefferies Group LLC set a $19.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada reissued a “buy” rating and set a $17.00 target price on shares of American Eagle Outfitters in a research report on Friday, May 12th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $12.50 price target on shares of American Eagle Outfitters in a report on Thursday, May 18th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.16.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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