Y Intercept Hong Kong Ltd boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 27.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,526 shares of the apparel retailer's stock after acquiring an additional 38,396 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.10% of American Eagle Outfitters worth $2,074,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AEO. Raymond James Financial Inc. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $2,154,000. HighTower Advisors LLC purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $267,000. Avantax Advisory Services Inc. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $250,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $390,000. Finally, Cibc World Markets Corp purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $277,000. 97.33% of the stock is owned by institutional investors and hedge funds.
American Eagle Outfitters Trading Up 4.4%
NYSE:AEO traded up $0.49 during mid-day trading on Friday, reaching $11.77. The company's stock had a trading volume of 19,597,849 shares, compared to its average volume of 9,015,894. The company's fifty day simple moving average is $10.28 and its two-hundred day simple moving average is $12.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.38 and a quick ratio of 0.56. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $22.83. The stock has a market cap of $2.04 billion, a P/E ratio of 12.01 and a beta of 1.45.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share 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 analyst estimates 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 revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.
American Eagle Outfitters Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Friday, July 11th. American Eagle Outfitters's dividend payout ratio is currently 51.02%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AEO shares. 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. 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 cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. dropped 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.70.
Read Our Latest Stock Analysis on American Eagle Outfitters
About American Eagle Outfitters
(
Free Report)
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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