Janney Montgomery Scott LLC Invests $440,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Janney Montgomery Scott LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,901 shares of the apparel retailer's stock, valued at approximately $440,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in shares of American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after acquiring an additional 1,475 shares during the last quarter. GAMMA Investing LLC boosted its position in American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after buying an additional 1,841 shares during the period. State of Wyoming acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $49,000. Smartleaf Asset Management LLC raised its holdings in shares of American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of American Eagle Outfitters by 140.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock valued at $65,000 after purchasing an additional 2,297 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded down $0.38 on Monday, hitting $9.90. The company's stock had a trading volume of 6,385,130 shares, compared to its average volume of 5,790,591. The stock has a 50 day moving average of $10.60 and a 200-day moving average of $12.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 0.56. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.10 and a beta of 1.45. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted 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). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The business's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 51.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEO shares. Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. Bank of America cut their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, Barclays dropped their price objective on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Two 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 data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and an average target price of $14.70.

American Eagle Outfitters Company 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.