Cooke & Bieler LP Buys 1,794,203 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Cooke & Bieler LP boosted its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 29.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,791,193 shares of the apparel retailer's stock after purchasing an additional 1,794,203 shares during the period. Cooke & Bieler LP owned 4.52% of American Eagle Outfitters worth $90,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AEO. Millennium Management LLC boosted its position in American Eagle Outfitters by 1,510.1% during the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after purchasing an additional 2,353,225 shares during the last quarter. Norges Bank acquired a new stake in American Eagle Outfitters during the fourth quarter valued at $35,267,000. Vaughan Nelson Investment Management L.P. acquired a new stake in American Eagle Outfitters during the first quarter valued at $18,927,000. Schonfeld Strategic Advisors LLC boosted its position in American Eagle Outfitters by 2,408.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer's stock valued at $20,738,000 after purchasing an additional 1,194,408 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in American Eagle Outfitters during the fourth quarter valued at $17,558,000. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock traded down $0.12 during trading on Friday, reaching $9.94. The company's stock had a trading volume of 3,903,295 shares, compared to its average volume of 5,866,024. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. The business's fifty day moving average price is $10.45 and its 200-day moving average price is $12.32. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 10.14 and a beta of 1.45. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $22.83.

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

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, July 11th. This represents a $0.50 annualized dividend and a yield of 5.03%. American Eagle Outfitters's dividend payout ratio is 51.02%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEO. Morgan Stanley set a $10.00 price target on American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Telsey Advisory Group boosted their price target on American Eagle Outfitters to $12.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 14th. Cfra Research cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Wall Street Zen cut American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.70.

American Eagle Outfitters Company 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.