American Eagle Outfitters, Inc. (NYSE:AEO) Shares Bought by Spire Wealth Management

Spire Wealth Management boosted its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 4,019.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,791 shares of the apparel retailer's stock after purchasing an additional 60,291 shares during the period. Spire Wealth Management's holdings in American Eagle Outfitters were worth $1,249,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AEO. Hexagon Capital Partners LLC boosted its stake in shares of American Eagle Outfitters by 6,980.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer's stock valued at $30,000 after purchasing an additional 1,396 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in shares of American Eagle Outfitters in the third quarter worth $38,000. DekaBank Deutsche Girozentrale acquired a new position in shares of American Eagle Outfitters in the fourth quarter worth $38,000. Federated Hermes Inc. increased its position in shares of American Eagle Outfitters by 54.2% during the fourth quarter. Federated Hermes Inc. now owns 2,984 shares of the apparel retailer's stock worth $63,000 after acquiring an additional 1,049 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at $144,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America upped their price target on American Eagle Outfitters from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Telsey Advisory Group lifted their price target on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday, March 8th. Citigroup increased their price objective on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the company a "neutral" rating in a research report on Tuesday, February 27th. StockNews.com cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Tuesday, April 2nd. Finally, UBS Group boosted their target price on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $22.18.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 20,000 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $21.00, for a total value of $420,000.00. Following the transaction, the insider now directly owns 232,459 shares in the company, valued at approximately $4,881,639. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jennifer M. Foyle sold 26,440 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $24.66, for a total transaction of $652,010.40. Following the completion of the transaction, the insider now directly owns 226,497 shares of the company's stock, valued at $5,585,416.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 20,000 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $21.00, for a total value of $420,000.00. Following the completion of the sale, the insider now directly owns 232,459 shares in the company, valued at approximately $4,881,639. The disclosure for this sale can be found here. Insiders have sold 72,319 shares of company stock worth $1,732,938 in the last quarter. Company insiders own 7.50% of the company's stock.

American Eagle Outfitters Stock Performance

NYSE AEO traded down $0.39 during trading hours on Wednesday, hitting $23.87. The company had a trading volume of 3,454,982 shares, compared to its average volume of 4,420,719. The business has a 50 day moving average of $23.90 and a 200-day moving average of $21.44. American Eagle Outfitters, Inc. has a 1-year low of $9.95 and a 1-year high of $26.44. The company has a market cap of $4.71 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.59.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.11. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 58.14%.

American Eagle Outfitters declared that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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.