Wells Fargo & Company MN Buys 54,914 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Wells Fargo & Company MN boosted its stake in American Eagle Outfitters, Inc. (NYSE:AEOFree Report) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,696 shares of the apparel retailer’s stock after purchasing an additional 54,914 shares during the period. Wells Fargo & Company MN owned about 0.16% of American Eagle Outfitters worth $6,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in American Eagle Outfitters by 6,980.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 1,396 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in American Eagle Outfitters in the 4th quarter valued at approximately $38,000. C M Bidwell & Associates Ltd. bought a new position in shares of American Eagle Outfitters during the third quarter valued at $38,000. Federated Hermes Inc. raised its stake in shares of American Eagle Outfitters by 54.2% during the fourth quarter. Federated Hermes Inc. now owns 2,984 shares of the apparel retailer’s stock valued at $63,000 after acquiring an additional 1,049 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at $144,000. Institutional investors own 97.33% of the company’s stock.

Insider Activity

In other news, CAO James H. Keefer, Jr. sold 7,000 shares of American Eagle Outfitters stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $25.82, for a total transaction of $180,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,266 shares in the company, valued at $445,808.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Jennifer M. Foyle sold 16,971 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total transaction of $433,269.63. Following the transaction, the insider now directly owns 226,497 shares in the company, valued at $5,782,468.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO James H. Keefer, Jr. sold 7,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $25.82, for a total transaction of $180,740.00. Following the transaction, the chief accounting officer now owns 17,266 shares in the company, valued at $445,808.12. The disclosure for this sale can be found here. Insiders sold 52,319 shares of company stock worth $1,312,938 over the last three months. 7.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AEO shares. UBS Group raised their price target on shares of American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Morgan Stanley dropped their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. Bank of America raised 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 note on Thursday, February 29th. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, May 30th. Finally, Citigroup lifted their target price on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $25.00.

View Our Latest Analysis on American Eagle Outfitters

American Eagle Outfitters Trading Down 0.7 %

NYSE:AEO opened at $21.54 on Friday. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.05 and a beta of 1.49. The firm has a fifty day simple moving average of $23.60 and a two-hundred day simple moving average of $22.16. American Eagle Outfitters, Inc. has a 12 month low of $11.37 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.17 earnings per share. Equities analysts predict that American Eagle Outfitters, Inc. will post 1.74 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Friday, July 12th. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

American Eagle Outfitters Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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