Legal & General Group Plc Has $4.16 Million Position in American Eagle Outfitters (AEO)

Legal & General Group Plc grew its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,015 shares of the apparel retailer’s stock after buying an additional 21,093 shares during the quarter. Legal & General Group Plc owned 0.16% of American Eagle Outfitters worth $4,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AEO. CIBC World Markets Inc. boosted its holdings in American Eagle Outfitters by 0.6% during the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after purchasing an additional 63 shares during the last quarter. Ifrah Financial Services Inc. boosted its holdings in American Eagle Outfitters by 0.5% during the second quarter. Ifrah Financial Services Inc. now owns 34,282 shares of the apparel retailer’s stock worth $413,000 after purchasing an additional 177 shares during the last quarter. Amalgamated Bank boosted its holdings in American Eagle Outfitters by 1.1% during the second quarter. Amalgamated Bank now owns 23,261 shares of the apparel retailer’s stock worth $280,000 after purchasing an additional 252 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after purchasing an additional 729 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in American Eagle Outfitters by 3.8% during the second quarter. Thrivent Financial For Lutherans now owns 33,580 shares of the apparel retailer’s stock worth $405,000 after purchasing an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.

American Eagle Outfitters (NYSE AEO) traded up $0.16 on Friday, reaching $18.34. 3,500,129 shares of the company’s stock were exchanged, compared to its average volume of 5,820,000. The stock has a market capitalization of $3,250.00, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.18. American Eagle Outfitters has a 52-week low of $10.23 and a 52-week high of $19.48.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. equities research analysts predict that American Eagle Outfitters will post 1.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 54.95%.

Several research analysts recently weighed in on AEO shares. Zacks Investment Research cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley boosted their price target on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Cowen restated an “outperform” rating and set a $16.00 price target (up from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. BMO Capital Markets set a $21.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.74.

ILLEGAL ACTIVITY WARNING: This article was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://ledgergazette.com/2018/01/13/legal-general-group-plc-buys-21093-shares-of-american-eagle-outfitters-aeo.html.

American Eagle Outfitters Profile

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.

Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply