American Century Companies Inc. boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) by 8.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 938,970 shares of the apparel retailer’s stock after buying an additional 74,944 shares during the quarter. American Century Companies Inc. owned approximately 0.48% of American Eagle Outfitters worth $12,366,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of American Eagle Outfitters by 7.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,034 shares of the apparel retailer’s stock valued at $168,000 after purchasing an additional 831 shares during the last quarter. Russell Investments Group Ltd. increased its stake in American Eagle Outfitters by 1.3% in the 4th quarter. Russell Investments Group Ltd. now owns 68,744 shares of the apparel retailer’s stock valued at $960,000 after buying an additional 865 shares during the last quarter. LPL Financial LLC lifted its position in American Eagle Outfitters by 4.9% during the 4th quarter. LPL Financial LLC now owns 21,406 shares of the apparel retailer’s stock worth $299,000 after buying an additional 1,004 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of American Eagle Outfitters by 1.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 81,461 shares of the apparel retailer’s stock worth $911,000 after buying an additional 1,061 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of American Eagle Outfitters by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 48,155 shares of the apparel retailer’s stock valued at $672,000 after acquiring an additional 1,094 shares during the last quarter. Institutional investors and hedge funds own 90.10% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on AEO. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a research report on Wednesday. Barclays lifted their target price on American Eagle Outfitters from $18.00 to $19.00 in a research report on Friday, August 4th. BMO Capital Markets lowered their target price on American Eagle Outfitters from $14.00 to $10.00 in a research report on Thursday, May 25th. JPMorgan Chase & Co. lifted their target price on American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. Finally, Bank of America lowered their target price on American Eagle Outfitters from $14.00 to $9.00 in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.42.
American Eagle Outfitters Trading Up 2.4 %
Shares of NYSE:AEO opened at $17.36 on Friday. American Eagle Outfitters, Inc. has a 12-month low of $9.46 and a 12-month high of $17.39. The stock has a market cap of $3.43 billion, a PE ratio of 31.56, a P/E/G ratio of 1.62 and a beta of 1.56. The business has a 50 day moving average of $14.11 and a 200-day moving average of $13.40. The company has a quick ratio of 0.70, a current ratio of 1.58 and a debt-to-equity ratio of 0.02.
American Eagle Outfitters Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, July 6th. American Eagle Outfitters’s dividend payout ratio is presently 72.73%.
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.
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