Wealth Enhancement Advisory Services LLC Boosts Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Wealth Enhancement Advisory Services LLC grew its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 319.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,570 shares of the apparel retailer’s stock after buying an additional 33,938 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in American Eagle Outfitters were worth $518,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 1,841 shares during the last quarter. Huntington National Bank raised its position in American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 1,475 shares during the period. State of Wyoming purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $49,000. Smartleaf Asset Management LLC raised its position in American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 1,944 shares during the period. Finally, Jones Financial Companies Lllp raised its position in American Eagle Outfitters by 140.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer’s stock valued at $65,000 after purchasing an additional 2,297 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 0.2%

Shares of NYSE:AEO opened at $10.29 on Friday. The company has a market cap of $1.78 billion, a PE ratio of 10.50 and a beta of 1.45. The company’s 50 day moving average is $10.62 and its two-hundred day moving average is $12.70. The company has a current ratio of 1.38, a quick ratio of 0.56 and a debt-to-equity ratio of 0.07. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.83.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.50 annualized dividend and a yield of 4.86%. American Eagle Outfitters’s dividend payout ratio is currently 51.02%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AEO shares. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the company an “equal weight” rating in a report on Monday, June 2nd. Wall Street Zen lowered shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Saturday, June 7th. Citigroup reiterated a “neutral” rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Barclays cut their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Monday, May 12th. Finally, Cfra Research downgraded shares of American Eagle Outfitters from a “moderate buy” rating to a “hold” rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.70.

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.