83,466 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,466 shares of the apparel retailer's stock, valued at approximately $970,000.

Several other institutional investors have also added to or reduced their stakes in AEO. HighTower Advisors LLC bought a new position in shares of American Eagle Outfitters in the 4th quarter worth $267,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of American Eagle Outfitters by 319.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer's stock worth $518,000 after acquiring an additional 33,938 shares during the period. GAMMA Investing LLC grew its stake in shares of American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares during the period. Rhumbline Advisers grew its stake in shares of American Eagle Outfitters by 0.7% during the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer's stock worth $6,141,000 after acquiring an additional 3,631 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of American Eagle Outfitters during the 1st quarter worth $440,000. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded down $0.12 during mid-day trading on Friday, reaching $9.94. 3,903,295 shares of the stock traded hands, compared to its average volume of 5,873,244. The stock has a market capitalization of $1.72 billion, a PE ratio of 10.14 and a beta of 1.45. 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, Inc. has a 12-month low of $9.27 and a 12-month high of $22.83. The business's 50-day moving average is $10.42 and its 200-day moving average is $12.28.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its 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 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 analysts' expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AEO shares. BMO Capital Markets dropped their price target on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, May 14th. Barclays dropped their target price on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research report on Monday, May 12th. Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Cfra Research downgraded American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Wall Street Zen downgraded American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Two investment analysts have 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.com, the company has a consensus rating of "Hold" and a consensus target price of $14.70.

About American Eagle Outfitters

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.