Outfitter Financial LLC Has $150,000 Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Outfitter Financial LLC reduced its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 77.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,935 shares of the apparel retailer's stock after selling 43,600 shares during the quarter. Outfitter Financial LLC's holdings in American Eagle Outfitters were worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AEO. Millennium Management LLC raised its position in American Eagle Outfitters by 1,510.1% in the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after acquiring an additional 2,353,225 shares during the period. Norges Bank purchased a new stake in American Eagle Outfitters during the 4th quarter valued at about $35,267,000. Cooke & Bieler LP boosted its holdings in American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after purchasing an additional 1,794,203 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of American Eagle Outfitters in the first quarter worth approximately $18,927,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of American Eagle Outfitters by 2,408.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer's stock worth $20,738,000 after buying an additional 1,194,408 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Down 0.2%

AEO stock traded down $0.03 during trading on Friday, hitting $10.04. 455,654 shares of the company's stock were exchanged, compared to its average volume of 5,852,606. The business has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $12.32. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.21 and a beta of 1.45. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $22.83. 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 released its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the company earned $0.34 EPS. American Eagle Outfitters's revenue for the quarter was down 4.7% compared to the same quarter last year. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.50 annualized dividend and a yield of 4.98%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 51.02%.

Analysts Set New Price Targets

AEO has been the topic of several recent analyst reports. Morgan Stanley set a $10.00 price objective on shares of American Eagle Outfitters and gave the company an "equal weight" rating in a research report on Monday, June 2nd. BMO Capital Markets cut their price target on shares of 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. Telsey Advisory Group raised their price objective on shares of American Eagle Outfitters to $12.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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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