GAMMA Investing LLC Increases Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

GAMMA Investing LLC increased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 5,482.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,017 shares of the apparel retailer's stock after purchasing an additional 26,533 shares during the quarter. GAMMA Investing LLC's holdings in American Eagle Outfitters were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in American Eagle Outfitters in the fourth quarter worth about $242,000. Blue Trust Inc. increased its position in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after buying an additional 937 shares during the last quarter. Rhumbline Advisers lifted its position in shares of American Eagle Outfitters by 2.0% during the 4th quarter. Rhumbline Advisers now owns 524,879 shares of the apparel retailer's stock valued at $8,750,000 after buying an additional 10,538 shares during the last quarter. Principal Securities Inc. lifted its position in shares of 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 valued at $43,000 after buying an additional 2,463 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of American Eagle Outfitters by 36.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 120,434 shares of the apparel retailer's stock worth $2,008,000 after acquiring an additional 32,197 shares during the period. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Stock Up 1.7%

Shares of AEO opened at $9.74 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $10.80 and a 200 day moving average of $13.27. The company has a market cap of $1.69 billion, a PE ratio of 9.94 and a beta of 1.51. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $22.83.

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 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%. The business's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 EPS. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Friday, July 11th. American Eagle Outfitters's dividend payout ratio is presently 51.02%.

Analysts Set New Price Targets

AEO has been the topic of several recent research reports. UBS Group dropped their target price on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Wall Street Zen cut American Eagle Outfitters from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. Barclays cut their target price on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Telsey Advisory Group upped their price target on American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a report on Monday, June 2nd. 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 MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and an average price target of $14.70.

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.

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