FORA Capital LLC Makes New $368,000 Investment in American Eagle Outfitters, Inc. $AEO

Key Points

• FORA Capital LLC has made a new investment of approximately $368,000 in American Eagle Outfitters by acquiring 31,673 shares during the first quarter.
• Recent analysts’ reports have set a target price of $10.00 for American Eagle Outfitters, with mixed ratings: one "Buy", nine "Hold", and three "Sell".
• The apparel retailer reported a net margin of 3.73% and revenues of $1.09 billion for the last quarter, missing earnings estimates by $0.04 per share.

FORA Capital LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,673 shares of the apparel retailer's stock, valued at approximately $368,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 1,841 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of American Eagle Outfitters by 38.7% during the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 1,165 shares during the last quarter. State of Wyoming purchased a new position in shares of American Eagle Outfitters during the fourth quarter worth about $49,000. AlphaQuest LLC grew its holdings in shares of American Eagle Outfitters by 654,400.0% during the first quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 6,544 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of American Eagle Outfitters during the first quarter worth about $131,000. Hedge funds and other institutional investors own 97.33% of the company's stock.

Analysts Set New Price Targets

AEO has been the topic of several research reports. Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Bank of America reissued an "underperform" rating and set a $10.00 price target (down previously from $11.00) on shares of American Eagle Outfitters in a report on Monday. Morgan Stanley set a $10.00 price target on American Eagle Outfitters and gave the stock an "equal weight" rating in a report on Monday, June 2nd. BMO Capital Markets lowered 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. Finally, Zacks Research raised American Eagle Outfitters to a "hold" rating in a report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $14.40.

American Eagle Outfitters Price Performance

Shares of AEO opened at $13.18 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $22.63. The stock's 50 day moving average is $11.22 and its two-hundred day moving average is $11.43. The firm has a market capitalization of $2.28 billion, a PE ratio of 13.44 and a beta of 1.51. The company has a current ratio of 1.38, a quick ratio of 0.56 and a debt-to-equity ratio of 0.07.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the firm posted $0.34 EPS. American Eagle Outfitters's revenue for the quarter was down 4.7% compared to the same quarter last year. 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 disclosed 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 3.8%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters's payout ratio is currently 51.02%.

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.

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