SG Americas Securities LLC Purchases 41,458 Shares of American Eagle Outfitters, Inc. $AEO

SG Americas Securities LLC raised its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 93.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,918 shares of the apparel retailer’s stock after buying an additional 41,458 shares during the period. SG Americas Securities LLC owned 0.05% of American Eagle Outfitters worth $2,266,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEO. Cambria Investment Management L.P. grew its holdings in shares of American Eagle Outfitters by 4.5% in the third quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock valued at $184,000 after acquiring an additional 468 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in American Eagle Outfitters by 50.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in American Eagle Outfitters by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock worth $254,000 after purchasing an additional 678 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in American Eagle Outfitters by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock valued at $989,000 after purchasing an additional 731 shares during the period. Finally, Amalgamated Bank increased its position in shares of American Eagle Outfitters by 1.6% during the 3rd quarter. Amalgamated Bank now owns 46,282 shares of the apparel retailer’s stock valued at $792,000 after purchasing an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $16.86 on Friday. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $28.46. The business has a 50-day moving average of $21.05 and a 200 day moving average of $20.92. The firm has a market cap of $2.81 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is 44.64%.

Wall Street Analyst Weigh In

AEO has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of American Eagle Outfitters in a report on Wednesday, March 25th. Citigroup lifted their price objective on shares of American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Wall Street Zen upgraded shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Saturday. UBS Group increased their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Zacks Research cut shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of “Reduce” and a consensus price target of $21.75.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The disclosure for this sale is available in the SEC filing. 8.70% of the stock is currently owned by insiders.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.