Hsbc Holdings PLC Purchases New Holdings in American Eagle Outfitters, Inc. $AEO

Key Points

• Hsbc Holdings PLC acquired 85,310 shares of American Eagle Outfitters during the second quarter, valued at approximately $1.46 million. Institutional investors collectively own 97.33% of the company.
• Analysts maintain a predominantly cautious view, with an average rating of “Hold” and an average price target of $20.09. AEO recently traded at $16.63, down 1.4%.
• American Eagle declared a quarterly dividend of $0.125 per share, equivalent to an annualized $0.50 dividend and a 3.0% yield. Company insiders sold 11,563 shares worth about $196,599 over the past 90 days.

Hsbc Holdings PLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 85,310 shares of the apparel retailer's stock, valued at approximately $1,456,000. Hsbc Holdings PLC owned about 0.05% of American Eagle Outfitters as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of American Eagle Outfitters in the second quarter worth $25,000. Kemnay Advisory Services Inc. acquired a new position in American Eagle Outfitters during the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd acquired a new position in American Eagle Outfitters during the 4th quarter worth $32,000. Raymond James Financial Inc. bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $35,000. Finally, Allworth Financial LP bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $36,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AEO. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Eagle Outfitters in a research report on Thursday. UBS Group reissued a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Morgan Stanley restated an "equal weight" rating and set a $18.00 price objective on shares of American Eagle Outfitters in a research note on Monday, July 6th. William Blair reaffirmed a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, TD Cowen decreased their target price on American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.09.

American Eagle Outfitters Trading Down 1.4%

NYSE AEO opened at $16.63 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. American Eagle Outfitters, Inc. has a one year low of $12.60 and a one year high of $28.46. The company has a 50-day simple moving average of $17.10 and a 200-day simple moving average of $18.01. The firm has a market capitalization of $2.79 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 3.68 and a beta of 1.32.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters's payout ratio is presently 30.86%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,563 shares of company stock worth $196,599 over the last ninety days. Company insiders own 8.95% of the company's stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc NYSE: AEO is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company's flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

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