SG Americas Securities LLC Takes Position in American Eagle Outfitters, Inc. (NYSE:AEO)

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

A number of other large investors have also made changes to their positions in the stock. HighTower Advisors LLC acquired a new position in American Eagle Outfitters during the fourth quarter worth $267,000. Rhumbline Advisers boosted its position in shares of American Eagle Outfitters by 0.7% during the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer's stock valued at $6,141,000 after acquiring an additional 3,631 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of American Eagle Outfitters by 137.5% in the fourth 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 during the period. US Bancorp DE grew its holdings in shares of American Eagle Outfitters by 1,673.7% in the fourth quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer's stock valued at $1,036,000 after purchasing an additional 58,631 shares during the period. Finally, Deutsche Bank AG increased its position in American Eagle Outfitters by 58.4% during the fourth quarter. Deutsche Bank AG now owns 172,981 shares of the apparel retailer's stock worth $2,884,000 after purchasing an additional 63,794 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Up 2.7%

Shares of AEO traded up $0.26 during mid-day trading on Friday, hitting $9.88. 9,860,451 shares of the company's stock were exchanged, compared to its average volume of 6,888,598. The stock's 50-day moving average is $10.73 and its 200-day moving average is $13.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $22.83. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 10.08 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued 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). The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations 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 business earned $0.34 EPS. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, July 11th. This represents a $0.50 annualized dividend and a yield of 5.06%. American Eagle Outfitters's payout ratio is 51.02%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. Bank of America lowered their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Barclays reduced their target price on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Finally, Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus 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.