Portside Wealth Group LLC Invests $146,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Portside Wealth Group LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,600 shares of the apparel retailer’s stock, valued at approximately $146,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AEO. MetLife Investment Management LLC boosted its stake in American Eagle Outfitters by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer’s stock worth $1,766,000 after purchasing an additional 724 shares during the period. Gallagher Fiduciary Advisors LLC boosted its stake in American Eagle Outfitters by 5.2% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock worth $262,000 after purchasing an additional 783 shares during the period. TCM Advisors LLC boosted its stake in American Eagle Outfitters by 2.1% in the 4th quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer’s stock worth $657,000 after purchasing an additional 800 shares during the period. Blue Trust Inc. boosted its stake in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 937 shares during the period. Finally, Xponance Inc. boosted its stake in American Eagle Outfitters by 9.1% in the 4th quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer’s stock worth $217,000 after purchasing an additional 1,082 shares during the period. Institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AEO shares. UBS Group cut their target price on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Wall Street Zen downgraded shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets cut their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating for the company in a research note on Wednesday, May 14th. Citigroup reissued a “neutral” rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Finally, Bank of America dropped their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $14.70.

American Eagle Outfitters Stock Down 0.1%

Shares of AEO stock opened at $10.13 on Friday. The business has a 50-day moving average price of $10.97 and a two-hundred day moving average price of $13.86. American Eagle Outfitters, Inc. has a 12-month low of $9.45 and a 12-month high of $22.83. The firm has a market cap of $1.76 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.82 and a beta of 1.52.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, July 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.94%. American Eagle Outfitters’s dividend payout ratio is currently 51.02%.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.