SG Americas Securities LLC Makes New Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

SG Americas Securities LLC bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,790 shares of the apparel retailer's stock, valued at approximately $451,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after acquiring an additional 1,841 shares during the period. Blue Trust Inc. increased its stake 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 purchasing an additional 937 shares during the period. Huntington National Bank lifted its position in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after purchasing an additional 1,475 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after purchasing an additional 2,463 shares during the period. Finally, State of Wyoming bought a new position in shares of American Eagle Outfitters in the fourth quarter worth about $49,000. Institutional investors own 97.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AEO shares. UBS Group decreased their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Wall Street Zen lowered American Eagle Outfitters from a "hold" rating to a "sell" rating in a report on Saturday, June 7th. BMO Capital Markets reduced their price objective on 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. Finally, Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.70.

American Eagle Outfitters Stock Down 0.8%

Shares of American Eagle Outfitters stock traded down $0.08 on Wednesday, reaching $9.70. The stock had a trading volume of 5,305,374 shares, compared to its average volume of 5,716,426. 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 stock has a market capitalization of $1.68 billion, a P/E ratio of 9.90 and a beta of 1.51. The company has a 50 day moving average price of $10.75 and a 200 day moving average price of $13.08. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The firm 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%. American Eagle Outfitters's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

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. This represents a $0.50 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, July 11th. American Eagle Outfitters's dividend payout ratio is currently 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.