Wealth Enhancement Advisory Services LLC Boosts Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 319.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,570 shares of the apparel retailer's stock after acquiring an additional 33,938 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in American Eagle Outfitters were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEO. GAMMA Investing LLC grew its holdings in American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares during the period. Huntington National Bank increased its position in shares of American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after buying an additional 1,475 shares in the last quarter. State of Wyoming purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $49,000. Smartleaf Asset Management LLC increased its position 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 buying an additional 1,944 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of American Eagle Outfitters by 140.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock valued at $65,000 after buying an additional 2,297 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock traded down $0.38 during midday trading on Monday, reaching $9.90. 6,385,130 shares of the company were exchanged, compared to its average volume of 5,790,591. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 10.10 and a beta of 1.45. The firm's 50-day simple moving average is $10.62 and its 200-day simple moving average is $12.68. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $22.83. 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 (NYSE:AEO - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) 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 return on equity of 13.34% and a net margin of 3.73%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.05%. The ex-dividend date is Friday, July 11th. American Eagle Outfitters's dividend payout ratio (DPR) is 51.02%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AEO. Morgan Stanley set a $10.00 price target on American Eagle Outfitters and gave the company an "equal weight" rating in a research report on Monday, June 2nd. BMO Capital Markets dropped their price target on 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. Cfra Research cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. UBS Group dropped their price target on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Two equities research 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.