Allianz Asset Management GmbH raised its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 116.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,240 shares of the apparel retailer’s stock after buying an additional 151,132 shares during the quarter. Allianz Asset Management GmbH owned about 0.16% of American Eagle Outfitters worth $5,288,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of American Eagle Outfitters by 290.4% during the fourth quarter. Mackenzie Financial Corp now owns 784,700 shares of the apparel retailer’s stock worth $14,752,000 after buying an additional 583,700 shares in the last quarter. Senvest Management LLC grew its holdings in shares of American Eagle Outfitters by 20.7% in the fourth quarter. Senvest Management LLC now owns 1,919,100 shares of the apparel retailer’s stock valued at $36,079,000 after purchasing an additional 329,100 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $2,918,000. HAP Trading LLC purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $705,000. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of American Eagle Outfitters by 26.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 144,816 shares of the apparel retailer’s stock valued at $2,723,000 after purchasing an additional 30,230 shares during the period. 86.08% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on AEO shares. Jefferies Group reissued a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a report on Friday, February 23rd. ValuEngine raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. B. Riley upped their price objective on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, BMO Capital Markets set a $21.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $18.00.
American Eagle Outfitters (AEO) opened at $19.52 on Friday. American Eagle Outfitters has a 1 year low of $10.23 and a 1 year high of $20.83. The company has a market cap of $3,470.00, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts predict that American Eagle Outfitters will post 1.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $0.55 dividend on an annualized basis and a yield of 2.82%. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13. American Eagle Outfitters’s dividend payout ratio is presently 47.62%.
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.
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