Wealth Enhancement Advisory Services LLC Purchases 33,938 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Wealth Enhancement Advisory Services LLC raised its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 319.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,570 shares of the apparel retailer's stock after purchasing an additional 33,938 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in American Eagle Outfitters were worth $518,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of American Eagle Outfitters during the 1st quarter valued at $451,000. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 1,841 shares in the last quarter. Signet Financial Management LLC raised its holdings in shares of American Eagle Outfitters by 21.1% during the 1st quarter. Signet Financial Management LLC now owns 15,623 shares of the apparel retailer's stock valued at $182,000 after purchasing an additional 2,720 shares in the last quarter. Bridge City Capital LLC raised its holdings in shares of American Eagle Outfitters by 38.1% during the 1st quarter. Bridge City Capital LLC now owns 237,415 shares of the apparel retailer's stock valued at $2,759,000 after purchasing an additional 65,472 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in shares of American Eagle Outfitters during the 1st quarter valued at $239,000. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO traded up $0.04 during midday trading on Wednesday, reaching $10.07. 4,583,817 shares of the company's stock were exchanged, compared to its average volume of 5,788,040. The company's 50 day simple moving average is $10.57 and its two-hundred day simple moving average is $12.59. The firm has a market capitalization of $1.74 billion, a PE ratio of 10.28 and a beta of 1.45. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month 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 announced its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

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 paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Friday, July 11th. American Eagle Outfitters's dividend payout ratio is 51.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEO shares. Wall Street Zen cut American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Cfra Research lowered shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. cut their price objective on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 14th. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Finally, Morgan Stanley set a $10.00 target price on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Two 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. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus 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.