American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 8.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,086 shares of the apparel retailer’s stock after acquiring an additional 4,687 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Eagle Outfitters were worth $663,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AEO. LPL Financial LLC grew its position in American Eagle Outfitters by 24.5% in the fourth quarter. LPL Financial LLC now owns 55,945 shares of the apparel retailer’s stock worth $933,000 after buying an additional 11,018 shares during the last quarter. Pictet Asset Management Holding SA grew its position in American Eagle Outfitters by 14.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 27,915 shares of the apparel retailer’s stock worth $465,000 after buying an additional 3,563 shares during the last quarter. Alliancebernstein L.P. grew its position in American Eagle Outfitters by 0.9% in the fourth quarter. Alliancebernstein L.P. now owns 232,003 shares of the apparel retailer’s stock worth $3,867,000 after buying an additional 2,165 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in American Eagle Outfitters in the fourth quarter worth approximately $1,662,000. Finally, Wells Fargo & Company MN grew its position in American Eagle Outfitters by 4.9% during the 4th quarter. Wells Fargo & Company MN now owns 200,230 shares of the apparel retailer’s stock worth $3,338,000 after purchasing an additional 9,346 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AEO. Citigroup reiterated a “neutral” rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.00 price objective on shares of American Eagle Outfitters in a research report on Monday, July 28th. Wall Street Zen cut shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. BMO Capital Markets lowered their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 14th. Finally, Telsey Advisory Group lifted their price objective on shares of American Eagle Outfitters to $12.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.70.

American Eagle Outfitters Stock Up 6.3%

AEO stock opened at $12.78 on Thursday. 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 1 year low of $9.27 and a 1 year high of $22.83. The company has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $11.83. The firm has a market cap of $2.21 billion, a PE ratio of 13.04 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.08 billion. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a yield of 3.9%. American Eagle Outfitters’s payout ratio is currently 51.02%.

About American Eagle Outfitters

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.