Bank of America Corp DE Grows Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Bank of America Corp DE lifted its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 441,323 shares of the apparel retailer's stock after purchasing an additional 85,775 shares during the quarter. Bank of America Corp DE owned approximately 0.23% of American Eagle Outfitters worth $7,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AEO. Blue Trust Inc. lifted its position in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after purchasing an additional 937 shares during the period. Huntington National Bank boosted its position in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after buying an additional 1,475 shares during the period. Principal Securities Inc. boosted its position in American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 1,944 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in American Eagle Outfitters by 140.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock worth $65,000 after acquiring an additional 2,297 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEO. Telsey Advisory Group reaffirmed a "market perform" rating and set a $12.00 price target on shares of American Eagle Outfitters in a report on Friday. BMO Capital Markets reduced their price target on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating on the stock in a report on Wednesday, May 14th. Bank of America cut their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price target on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. Finally, Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and a consensus target price of $14.80.

American Eagle Outfitters Stock Up 0.3%

American Eagle Outfitters stock traded up $0.04 during midday trading on Friday, reaching $11.22. 5,185,861 shares of the stock traded hands, compared to its average volume of 5,591,812. The stock has a market cap of $1.94 billion, a P/E ratio of 9.59, a PEG ratio of 0.82 and a beta of 1.56. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $23.40. The stock's fifty day moving average is $11.15 and its 200-day moving average is $14.18.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.46%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 29.76%.

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.