BlackRock Group LTD lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 7.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 133,076 shares of the apparel retailer’s stock after selling 10,507 shares during the period. BlackRock Group LTD owned 0.07% of American Eagle Outfitters worth $2,376,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of AEO. Invictus RG boosted its stake in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock worth $108,000 after buying an additional 449 shares in the last quarter. Smith Asset Management Group LP boosted its stake in shares of American Eagle Outfitters by 51.9% in the third quarter. Smith Asset Management Group LP now owns 10,298 shares of the apparel retailer’s stock valued at $184,000 after buying an additional 3,520 shares during the period. Gideon Capital Advisors Inc. purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at about $186,000. Loomis Sayles & Co. L P boosted its stake in shares of American Eagle Outfitters by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 11,923 shares of the apparel retailer’s stock valued at $190,000 after buying an additional 100 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of American Eagle Outfitters by 10.0% in the third quarter. LS Investment Advisors LLC now owns 11,167 shares of the apparel retailer’s stock valued at $199,000 after buying an additional 1,012 shares during the period. 98.89% of the stock is currently owned by institutional investors and hedge funds.
American Eagle Outfitters, Inc. (NYSE:AEO) traded down 3.04% during trading on Friday, hitting $14.67. The company had a trading volume of 3,317,429 shares. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 11.39 and a beta of 0.84. American Eagle Outfitters, Inc. has a 52-week low of $12.78 and a 52-week high of $19.55. The firm’s 50 day moving average is $15.57 and its 200-day moving average is $17.27.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. American Eagle Outfitters had a net margin of 6.62% and a return on equity of 21.77%. The company earned $941 million during the quarter, compared to analysts’ expectations of $940.94 million. During the same quarter last year, the company posted $0.35 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post $1.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.50 annualized dividend and a yield of 3.41%. American Eagle Outfitters’s dividend payout ratio is presently 39.06%.
Several brokerages have recently issued reports on AEO. Telsey Advisory Group raised American Eagle Outfitters from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Wednesday. They noted that the move was a valuation call. Buckingham Research began coverage on American Eagle Outfitters in a report on Tuesday, January 24th. They issued a “neutral” rating and a $16.00 target price on the stock. Goldman Sachs Group, Inc. (The) set a $12.00 target price on American Eagle Outfitters and gave the stock a “sell” rating in a report on Wednesday, January 11th. Wunderlich reaffirmed a “buy” rating and issued a $22.00 target price on shares of American Eagle Outfitters in a report on Wednesday, January 11th. Finally, Mizuho reduced their target price on American Eagle Outfitters from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. American Eagle Outfitters currently has an average rating of “Buy” and a consensus price target of $19.42.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.
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