Cwm LLC Buys 42,400 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

CWM LLC increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 332.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,152 shares of the apparel retailer's stock after acquiring an additional 42,400 shares during the period. CWM LLC's holdings in American Eagle Outfitters were worth $641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEO. Raymond James Financial Inc. purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $2,154,000. HighTower Advisors LLC purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $267,000. Avantax Advisory Services Inc. purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $250,000. Envestnet Portfolio Solutions Inc. purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $390,000. Finally, Cibc World Markets Corp purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $277,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AEO shares. Telsey Advisory Group increased their target price on shares of American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Cfra Research downgraded shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Wall Street Zen downgraded shares of American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Finally, BMO Capital Markets cut their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, May 14th. 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 company's stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of "Hold" and a consensus price target of $14.70.

American Eagle Outfitters Price Performance

NYSE:AEO traded up $0.49 during trading hours on Friday, hitting $11.77. The stock had a trading volume of 19,597,849 shares, compared to its average volume of 9,015,894. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 12.01 and a beta of 1.45. The company has a 50 day simple moving average of $10.28 and a two-hundred day simple moving average of $12.06. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $22.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 0.56.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. American Eagle Outfitters's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 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.