American Eagle Outfitters, Inc. $AEO Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,398,401 shares of the apparel retailer’s stock after purchasing an additional 249,158 shares during the period. Vanguard Group Inc. owned approximately 0.11% of American Eagle Outfitters worth $485,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambria Investment Management L.P. boosted its stake in shares of American Eagle Outfitters by 4.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock worth $184,000 after purchasing an additional 468 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 500 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of American Eagle Outfitters by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock valued at $254,000 after buying an additional 678 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Eagle Outfitters by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock worth $989,000 after acquiring an additional 731 shares during the last quarter. Finally, Amalgamated Bank grew its stake in American Eagle Outfitters by 1.6% in the 3rd quarter. Amalgamated Bank now owns 46,282 shares of the apparel retailer’s stock worth $792,000 after acquiring an additional 742 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AEO. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Eagle Outfitters in a report on Wednesday, March 25th. UBS Group lifted their price objective on American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Needham & Company LLC assumed coverage on American Eagle Outfitters in a research note on Thursday, March 26th. They issued a “hold” rating for the company. Telsey Advisory Group reduced their target price on American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, March 5th. Finally, Citigroup raised their price target on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $21.75.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $16.66 on Wednesday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46. The company has a 50 day moving average price of $18.66 and a 200 day moving average price of $21.13.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $0.54 EPS. American Eagle Outfitters’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a $0.125 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 44.64%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The SEC filing for this sale provides additional information. 8.70% of the stock is currently owned by insiders.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.