Hennessy Advisors Inc. increased its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 385,800 shares of the apparel retailer's stock after purchasing an additional 24,600 shares during the period. Hennessy Advisors Inc. owned 0.20% of American Eagle Outfitters worth $6,431,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its position in American Eagle Outfitters by 408.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer's stock valued at $183,000 after purchasing an additional 7,449 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of American Eagle Outfitters in the second quarter valued at about $16,861,000. Hsbc Holdings PLC boosted its stake in shares of American Eagle Outfitters by 131.4% during the second quarter. Hsbc Holdings PLC now owns 31,371 shares of the apparel retailer's stock worth $621,000 after buying an additional 17,815 shares during the period. Sei Investments Co. boosted its stake in shares of American Eagle Outfitters by 264.7% during the second quarter. Sei Investments Co. now owns 257,914 shares of the apparel retailer's stock worth $5,148,000 after buying an additional 187,196 shares during the period. Finally, Ensign Peak Advisors Inc grew its holdings in shares of American Eagle Outfitters by 13.0% during the second quarter. Ensign Peak Advisors Inc now owns 76,056 shares of the apparel retailer's stock worth $1,518,000 after buying an additional 8,740 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on AEO shares. Jefferies Financial Group decreased their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Tuesday, November 12th. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday. Raymond James started coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating for the company. UBS Group lowered their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters has a consensus rating of "Hold" and an average price target of $21.60.
View Our Latest Report on AEO
American Eagle Outfitters Stock Up 3.1 %
Shares of AEO traded up $0.49 on Friday, reaching $16.07. The stock had a trading volume of 4,772,054 shares, compared to its average volume of 3,870,557. American Eagle Outfitters, Inc. has a twelve month low of $15.36 and a twelve month high of $26.44. The firm has a market capitalization of $3.09 billion, a PE ratio of 13.73, a PEG ratio of 1.04 and a beta of 1.53. The firm has a 50-day moving average of $17.36 and a 200 day moving average of $19.44.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters's revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.68 earnings per share for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters's payout ratio is currently 42.74%.
American Eagle Outfitters Profile
(
Free Report)
American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.
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