Credit Suisse AG raised its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) by 18.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,118,766 shares of the apparel retailer’s stock after buying an additional 171,359 shares during the quarter. Credit Suisse AG owned about 0.57% of American Eagle Outfitters worth $15,036,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of AEO. Vanguard Group Inc. raised its position in shares of American Eagle Outfitters by 15.6% in the third quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after buying an additional 2,369,726 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of American Eagle Outfitters by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,317,591 shares of the apparel retailer’s stock valued at $102,153,000 after acquiring an additional 990,460 shares during the last quarter. State Street Corp grew its holdings in shares of American Eagle Outfitters by 9.5% during the third quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock worth $55,829,000 after purchasing an additional 499,560 shares in the last quarter. Morgan Stanley increased its position in shares of American Eagle Outfitters by 22.0% in the fourth quarter. Morgan Stanley now owns 5,015,328 shares of the apparel retailer’s stock worth $70,014,000 after purchasing an additional 903,782 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in American Eagle Outfitters by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 3,000,614 shares of the apparel retailer’s stock valued at $41,888,000 after purchasing an additional 252,620 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Jefferies Financial Group decreased their price target on shares of American Eagle Outfitters from $16.00 to $14.00 in a report on Tuesday, May 9th. Bank of America reduced their target price on American Eagle Outfitters from $14.00 to $9.00 in a research note on Thursday, May 25th. Telsey Advisory Group lifted their price target on American Eagle Outfitters from $12.00 to $15.00 and gave the stock a “market perform” rating in a research note on Friday, August 4th. StockNews.com initiated coverage on American Eagle Outfitters in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Barclays raised their price objective on American Eagle Outfitters from $18.00 to $19.00 in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.92.
American Eagle Outfitters Stock Performance
NYSE:AEO opened at $15.80 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 1.58. American Eagle Outfitters, Inc. has a fifty-two week low of $9.46 and a fifty-two week high of $17.09. The firm has a market cap of $3.12 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 1.56 and a beta of 1.56. The business has a 50 day moving average price of $13.60 and a 200-day moving average price of $13.36.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last announced its quarterly earnings results on Wednesday, May 24th. The apparel retailer reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. American Eagle Outfitters had a net margin of 2.23% and a return on equity of 12.89%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.05 earnings per share for the current year.
American Eagle Outfitters Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.40 annualized dividend and a dividend yield of 2.53%. American Eagle Outfitters’s payout ratio is presently 72.73%.
About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.
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