Kovitz Investment Group Partners LLC Makes New Investment in American Eagle Outfitters, Inc. $AEO

Kovitz Investment Group Partners LLC bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 203,855 shares of the apparel retailer's stock, valued at approximately $2,369,000. Kovitz Investment Group Partners LLC owned 0.12% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of American Eagle Outfitters by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 950,926 shares of the apparel retailer's stock worth $11,049,000 after acquiring an additional 4,889 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of American Eagle Outfitters by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 554,336 shares of the apparel retailer's stock worth $6,441,000 after acquiring an additional 118,847 shares in the last quarter. Nuveen LLC bought a new stake in shares of American Eagle Outfitters during the first quarter worth $18,140,000. Virtu Financial LLC bought a new stake in shares of American Eagle Outfitters during the first quarter worth $266,000. Finally, Entropy Technologies LP increased its position in shares of American Eagle Outfitters by 158.4% during the first quarter. Entropy Technologies LP now owns 58,610 shares of the apparel retailer's stock worth $681,000 after acquiring an additional 35,925 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEO has been the subject of several research reports. BMO Capital Markets lowered their price objective on shares of 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 lowered their price objective on shares of 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. Cfra Research downgraded shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Telsey Advisory Group raised their target price on shares of American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and a consensus target price of $14.70.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $12.99 on Monday. The firm has a 50-day moving average of $10.72 and a 200-day moving average of $11.56. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $22.83. The company has a market cap of $2.25 billion, a PE ratio of 13.26 and a beta of 1.51. 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 (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) EPS 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business earned $0.34 EPS. The business's revenue was down 4.7% on a year-over-year basis. As a group, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 51.02%.

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.

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