Allspring Global Investments Holdings LLC increased its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 520,044 shares of the apparel retailer's stock after purchasing an additional 115,905 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.26% of American Eagle Outfitters worth $11,004,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of AEO. State of Wyoming purchased a new stake in American Eagle Outfitters during the fourth quarter worth $27,000. Financial Management Professionals Inc. purchased a new stake in American Eagle Outfitters during the third quarter worth $31,000. Canada Pension Plan Investment Board purchased a new stake in American Eagle Outfitters during the first quarter worth $37,000. C M Bidwell & Associates Ltd. purchased a new stake in American Eagle Outfitters during the third quarter worth $38,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in American Eagle Outfitters during the fourth quarter worth $38,000. Institutional investors own 97.33% of the company's stock.
Insiders Place Their Bets
In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,363 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $19.91, for a total transaction of $47,047.33. The sale was disclosed in a filing with the SEC, which is available through this link. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,363 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $19.91, for a total transaction of $47,047.33. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO James H. Keefer, Jr. sold 7,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $25.82, for a total value of $180,740.00. Following the sale, the chief accounting officer now directly owns 17,266 shares in the company, valued at $445,808.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,953 shares of company stock valued at $2,268,075. Company insiders own 7.50% of the company's stock.
American Eagle Outfitters Stock Performance
Shares of NYSE AEO traded up $0.06 during mid-day trading on Wednesday, hitting $22.37. The stock had a trading volume of 4,148,645 shares, compared to its average volume of 4,650,363. The company has a 50 day moving average of $23.61 and a two-hundred day moving average of $20.76. American Eagle Outfitters, Inc. has a twelve month low of $9.95 and a twelve month high of $26.44. The firm has a market cap of $4.41 billion, a PE ratio of 26.01, a PEG ratio of 1.06 and a beta of 1.59.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.11. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. The firm's revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.71 EPS for the current fiscal year.
American Eagle Outfitters announced that its board has approved a share buyback plan on Thursday, February 1st that allows the company to buyback 30,000,000 outstanding shares. This buyback authorization allows the apparel retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
American Eagle Outfitters Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 58.14%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the company. Bank of America increased their price objective on American Eagle Outfitters from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. Telsey Advisory Group increased their price objective on American Eagle Outfitters from $22.00 to $25.00 and gave the company a "market perform" rating in a report on Friday, March 8th. Citigroup increased their price objective on American Eagle Outfitters from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a "neutral" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Tuesday, April 9th. Finally, UBS Group increased their price objective on American Eagle Outfitters from $27.00 to $29.00 and gave the company a "buy" rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $21.27.
Check Out Our Latest Stock Analysis on AEO
American Eagle Outfitters Company Profile
(
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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