Piermont Capital Management Inc. Has $833,000 Holding in American Eagle Outfitters (AEO)

Piermont Capital Management Inc. Has $833,000 Holding in American Eagle Outfitters (AEO)

Piermont Capital Management Inc. continued to hold its stake in American Eagle Outfitters (NYSE:AEO) during the first quarter, Holdings Channel reports. The firm owned 59,339 shares of the apparel retailer’s stock at the end of the first quarter. Piermont Capital Management Inc.’s holdings in American Eagle Outfitters were worth $833,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its stake in American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock worth $109,000 after buying an additional 2,877 shares during the last quarter. Elkfork Partners LLC increased its stake in American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares during the last quarter. Meadow Creek Investment Management LLC increased its stake in American Eagle Outfitters by 2.2% in the first quarter. Meadow Creek Investment Management LLC now owns 11,186 shares of the apparel retailer’s stock worth $157,000 after buying an additional 238 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. increased its stake in American Eagle Outfitters by 6.2% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 11,605 shares of the apparel retailer’s stock worth $176,000 after buying an additional 680 shares during the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Eagle Outfitters (NYSE:AEO) traded down 3.36% during midday trading on Friday, hitting $11.23. The company had a trading volume of 5,804,036 shares. The company has a 50-day moving average of $12.98 and a 200 day moving average of $14.85. The firm has a market capitalization of $1.99 billion, a PE ratio of 10.39 and a beta of 0.91. American Eagle Outfitters has a 12 month low of $10.56 and a 12 month high of $19.55.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. American Eagle Outfitters had a return on equity of 21.77% and a net margin of 6.62%. The firm had revenue of $761.80 million for the quarter, compared to analyst estimates of $741.76 million. During the same quarter last year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that American Eagle Outfitters will post $1.10 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Wednesday, July 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 39.06%.

AEO has been the topic of a number of research reports. B. Riley reaffirmed a “buy” rating and issued a $18.00 price objective on shares of American Eagle Outfitters in a research note on Tuesday, March 7th. Vetr downgraded American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $16.67 price objective on the stock. in a research note on Thursday, March 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, March 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Saturday, April 1st. Finally, Royal Bank of Canada set a $17.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Saturday, March 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $16.11.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AEO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters (NYSE:AEO).

Related posts

Leave a Comment