Algert Global LLC Takes $1.02 Million Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Algert Global LLC has acquired a new stake in American Eagle Outfitters, with a purchase of 87,460 shares valued at approximately $1,016,000, representing 0.05% of the company's stock.
• Several hedge funds have significantly increased their positions in American Eagle, with Millennium Management boosting theirs by 1,510.1% during the last quarter.
• Analysts have issued mixed ratings on American Eagle Outfitters, with Barclays lowering its price target from $10.00 to $9.00 and only one analyst currently rating the stock as a Buy.

Algert Global LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 87,460 shares of the apparel retailer's stock, valued at approximately $1,016,000. Algert Global LLC owned approximately 0.05% of American Eagle Outfitters as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of AEO. Millennium Management LLC raised its holdings in shares of American Eagle Outfitters by 1,510.1% in the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after acquiring an additional 2,353,225 shares during the last quarter. Cooke & Bieler LP increased its position in American Eagle Outfitters by 29.9% during the 1st quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after purchasing an additional 1,794,203 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in American Eagle Outfitters in the 1st quarter valued at about $18,927,000. Nuveen LLC purchased a new position in American Eagle Outfitters in the 1st quarter valued at about $18,140,000. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of American Eagle Outfitters by 2,408.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer's stock worth $20,738,000 after purchasing an additional 1,194,408 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AEO. Morgan Stanley set a $10.00 price objective on shares of American Eagle Outfitters and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Zacks Research upgraded American Eagle Outfitters to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 price objective on shares of American Eagle Outfitters in a report on Monday, July 28th. BMO Capital Markets dropped their target price on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. Finally, Wall Street Zen downgraded American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, American Eagle Outfitters currently has an average rating of "Reduce" and an average price target of $14.40.

American Eagle Outfitters Trading Down 1.8%

Shares of American Eagle Outfitters stock traded down $0.24 during trading hours on Thursday, reaching $12.99. The stock had a trading volume of 3,810,403 shares, compared to its average volume of 8,523,590. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 13.25 and a beta of 1.51. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $22.63. The company has a current ratio of 1.38, a quick ratio of 0.56 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $11.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.34 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is currently 51.02%.

American Eagle Outfitters Profile

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.