American Eagle Outfitters, Inc. $AEO Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 249.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 69,941 shares of the apparel retailer’s stock after purchasing an additional 49,924 shares during the quarter. Hsbc Holdings PLC’s holdings in American Eagle Outfitters were worth $1,855,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AEO. Marshall Wace LLP grew its holdings in American Eagle Outfitters by 920.6% in the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after buying an additional 4,959,039 shares during the period. Balyasny Asset Management L.P. purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth about $40,954,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of American Eagle Outfitters by 153.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock worth $63,556,000 after acquiring an additional 1,457,785 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of American Eagle Outfitters in the third quarter worth approximately $23,395,000. Finally, Kinetic Partners Management LP acquired a new stake in shares of American Eagle Outfitters in the third quarter worth approximately $14,618,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AEO shares. Citigroup dropped their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a report on Monday, June 1st. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Barclays dropped their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. reduced their target price on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.36.

Insider Activity

In other news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

AEO opened at $17.08 on Tuesday. American Eagle Outfitters, Inc. has a 52-week low of $9.56 and a 52-week high of $28.46. The company has a 50 day moving average of $17.18 and a two-hundred day moving average of $20.75. The company has a market cap of $2.86 billion, a P/E ratio of 10.54, a P/E/G ratio of 3.89 and a beta of 1.34. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.29) EPS. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

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.