Vaughan Nelson Investment Management L.P. Invests $18.93 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Vaughan Nelson Investment Management L.P. purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,628,790 shares of the apparel retailer's stock, valued at approximately $18,927,000. Vaughan Nelson Investment Management L.P. owned approximately 0.94% of American Eagle Outfitters at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in American Eagle Outfitters by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock worth $170,431,000 after purchasing an additional 413,193 shares during the period. Wellington Management Group LLP raised its stake in American Eagle Outfitters by 1.9% during the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock worth $165,594,000 after purchasing an additional 184,067 shares during the period. American Century Companies Inc. raised its stake in American Eagle Outfitters by 9.4% during the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after purchasing an additional 472,683 shares during the period. Charles Schwab Investment Management Inc. raised its stake in American Eagle Outfitters by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after purchasing an additional 381,047 shares during the period. Finally, Millennium Management LLC raised its stake in American Eagle Outfitters by 1,510.1% during the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after purchasing an additional 2,353,225 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $9.32 on Monday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.51. The company has a 50 day moving average price of $10.90 and a 200 day moving average price of $13.53. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced 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 business 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 4.28% and a return on equity of 20.75%. The company's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. On average, research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date is Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is currently 51.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AEO shares. Citigroup reaffirmed a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. JPMorgan Chase & Co. reduced their target price 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. Barclays reduced their target price 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. Bank of America reduced 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. Finally, Telsey Advisory Group boosted their price target on shares of American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.

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