Decker Retirement Planning Inc. Takes $1.85 Million Position in American Eagle Outfitters, Inc. $AEO
by Jessica Moore · The Cerbat GemDecker Retirement Planning Inc. purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 70,265 shares of the apparel retailer’s stock, valued at approximately $1,853,000.
A number of other hedge funds have also recently made changes to their positions in AEO. American Century Companies Inc. grew its position in American Eagle Outfitters by 5.1% in the third quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after acquiring an additional 320,750 shares in the last quarter. Marshall Wace LLP grew its position in American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after acquiring an additional 4,959,039 shares in the last quarter. Russell Investments Group Ltd. grew its position in American Eagle Outfitters by 4.2% in the third quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock worth $25,561,000 after acquiring an additional 60,442 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in American Eagle Outfitters in the third quarter worth $23,395,000. Finally, Qube Research & Technologies Ltd grew its position in American Eagle Outfitters by 9.5% in the second quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock worth $9,595,000 after acquiring an additional 86,241 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AEO has been the subject of several research reports. Citigroup upped their target price on shares of American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Wall Street Zen lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, March 5th. Zacks Research lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Eagle Outfitters in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $21.75.
Read Our Latest Stock Analysis on American Eagle Outfitters
American Eagle Outfitters Stock Down 1.8%
American Eagle Outfitters stock opened at $17.76 on Wednesday. The company has a market capitalization of $2.96 billion, a PE ratio of 15.86, a P/E/G ratio of 1.28 and a beta of 1.50. The firm has a fifty day simple moving average of $20.25 and a two-hundred day simple moving average of $20.91. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.46.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.
American Eagle Outfitters Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.50 annualized dividend and a yield of 2.8%. American Eagle Outfitters’s payout ratio is currently 44.64%.
Insider Buying and Selling at American Eagle Outfitters
In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,670 shares of company stock valued at $148,397 over the last three months. 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.
Further Reading
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