American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,984 shares of the apparel retailer’s stock after acquiring an additional 1,049 shares during the quarter. Federated Hermes Inc.’s holdings in American Eagle Outfitters were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its stake in American Eagle Outfitters by 37.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock valued at $128,927,000 after purchasing an additional 1,663,569 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $12,592,000. American Century Companies Inc. boosted its stake in shares of American Eagle Outfitters by 28.5% during the 3rd quarter. American Century Companies Inc. now owns 2,259,598 shares of the apparel retailer’s stock worth $37,532,000 after acquiring an additional 500,555 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of American Eagle Outfitters in the 3rd quarter worth $4,481,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of American Eagle Outfitters by 70.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 404,139 shares of the apparel retailer’s stock worth $6,713,000 after purchasing an additional 167,572 shares during the period. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Bank of America upped their price target on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. UBS Group raised their price objective on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Tuesday, April 9th. Finally, Telsey Advisory Group raised their target price on American Eagle Outfitters from $22.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, March 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.18.

Insider Transactions at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 20,000 shares of American Eagle Outfitters stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $21.00, for a total value of $420,000.00. Following the completion of the sale, the insider now owns 232,459 shares of the company’s stock, valued at approximately $4,881,639. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 20,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $21.00, for a total transaction of $420,000.00. Following the completion of the transaction, the insider now owns 232,459 shares of the company’s stock, valued at approximately $4,881,639. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer M. Foyle sold 26,440 shares of American Eagle Outfitters stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $24.66, for a total value of $652,010.40. Following the completion of the transaction, the insider now owns 226,497 shares in the company, valued at $5,585,416.02. The disclosure for this sale can be found here. Insiders have sold a total of 72,319 shares of company stock worth $1,732,938 in the last 90 days. 7.50% of the stock is owned by insiders.

American Eagle Outfitters Trading Up 1.3 %

NYSE AEO opened at $24.63 on Tuesday. American Eagle Outfitters, Inc. has a 1-year low of $9.95 and a 1-year high of $26.44. The firm’s fifty day simple moving average is $23.88 and its 200-day simple moving average is $21.34. The company has a market capitalization of $4.86 billion, a PE ratio of 28.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.59.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.11. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.67 billion. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. As a group, analysts predict that American Eagle Outfitters, Inc. will post 1.71 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is 58.14%.

American Eagle Outfitters declared that its Board of Directors has initiated a share buyback program on Thursday, February 1st that authorizes the company to buyback 30,000,000 outstanding shares. This buyback authorization authorizes the apparel retailer to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

American Eagle Outfitters Company 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.