Hsbc Holdings PLC Invests $1.46 Million in American Eagle Outfitters, Inc. $AEO

Hsbc Holdings PLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 85,310 shares of the apparel retailer’s stock, valued at approximately $1,456,000.

Other hedge funds have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new position in American Eagle Outfitters during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $32,000. Plato Investment Management Ltd acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its holdings in shares of American Eagle Outfitters by 177.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 1,134 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after buying an additional 447 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Stock Down 1.4%

AEO stock opened at $16.63 on Tuesday. The firm’s 50-day moving average is $17.10 and its two-hundred day moving average is $18.01. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 3.68 and a beta of 1.32. American Eagle Outfitters, Inc. has a 52 week low of $12.60 and a 52 week high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 30.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEO shares. JPMorgan Chase & Co. boosted their price objective on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Thursday. TD Cowen cut their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Wall Street Zen lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Citigroup decreased their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $20.09.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director owned 53,481 shares in the company, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock valued at $196,599 over the last quarter. Corporate insiders own 8.95% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.