AE Wealth Management LLC acquired a new stake in American Eagle Outfitters (NYSE:AEO) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 44,722 shares of the apparel retailer’s stock, valued at approximately $356,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in shares of American Eagle Outfitters by 112.4% in the fourth quarter. Advisors Asset Management Inc. now owns 1,971 shares of the apparel retailer’s stock valued at $29,000 after acquiring an additional 1,043 shares during the period. CWM LLC purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at about $30,000. Advisory Services Network LLC increased its position in shares of American Eagle Outfitters by 55.6% in the fourth quarter. Advisory Services Network LLC now owns 2,223 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 794 shares during the period. Verus Capital Partners LLC purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at about $75,000. Finally, Marshall Wace LLP purchased a new position in shares of American Eagle Outfitters in the first quarter valued at about $198,000. Hedge funds and other institutional investors own 91.95% of the company’s stock.
A number of equities analysts have issued reports on AEO shares. Wedbush decreased their price objective on shares of American Eagle Outfitters from $14.00 to $10.00 in a research report on Thursday, April 23rd. ValuEngine upgraded shares of American Eagle Outfitters from a “sell” rating to a “hold” rating in a research report on Thursday. B. Riley reduced their price target on shares of American Eagle Outfitters from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Raymond James upgraded shares of American Eagle Outfitters from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Wednesday, May 6th. Finally, Deutsche Bank reduced their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $13.00.
In related news, Director Noel Joseph Spiegel acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of $9.70 per share, for a total transaction of $97,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at $97,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles F. Kessler sold 70,000 shares of the stock in a transaction that occurred on Friday, April 3rd. The shares were sold at an average price of $6.87, for a total transaction of $480,900.00. Following the transaction, the insider now owns 110,015 shares in the company, valued at approximately $755,803.05. The disclosure for this sale can be found here. Corporate insiders own 7.20% of the company’s stock.
Shares of AEO opened at $8.97 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of 6.06 and a beta of 1.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.80 and a current ratio of 1.39. American Eagle Outfitters has a fifty-two week low of $6.53 and a fifty-two week high of $19.90. The firm’s 50-day simple moving average is $8.16 and its two-hundred day simple moving average is $12.34.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. American Eagle Outfitters had a net margin of 4.44% and a return on equity of 20.31%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. Equities research analysts predict that American Eagle Outfitters will post 0.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 23rd. Stockholders of record on Friday, April 9th will be paid a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, April 8th. This represents a $0.55 annualized dividend and a dividend yield of 6.13%.
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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