Truist Financial Corp acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 58,706 shares of the apparel retailer’s stock, valued at approximately $789,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in American Eagle Outfitters by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,571,205 shares of the apparel retailer’s stock worth $170,967,000 after acquiring an additional 2,369,726 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American Eagle Outfitters by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,317,591 shares of the apparel retailer’s stock worth $102,153,000 after acquiring an additional 990,460 shares in the last quarter. State Street Corp lifted its position in American Eagle Outfitters by 9.5% during the 3rd quarter. State Street Corp now owns 5,737,774 shares of the apparel retailer’s stock worth $55,829,000 after acquiring an additional 499,560 shares in the last quarter. Morgan Stanley increased its holdings in American Eagle Outfitters by 22.0% during the 4th quarter. Morgan Stanley now owns 5,015,328 shares of the apparel retailer’s stock worth $70,014,000 after purchasing an additional 903,782 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of American Eagle Outfitters by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 3,000,614 shares of the apparel retailer’s stock valued at $41,888,000 after purchasing an additional 252,620 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.
American Eagle Outfitters Price Performance
Shares of NYSE AEO opened at $15.45 on Wednesday. American Eagle Outfitters, Inc. has a 1-year low of $9.46 and a 1-year high of $17.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 0.70. The business’s fifty day moving average price is $13.35 and its two-hundred day moving average price is $13.33. The firm has a market capitalization of $3.05 billion, a PE ratio of 28.09, a P/E/G ratio of 1.57 and a beta of 1.56.
American Eagle Outfitters (NYSE:AEO – Get Free Report) last issued its earnings results on Wednesday, May 24th. The apparel retailer reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. American Eagle Outfitters had a return on equity of 12.89% and a net margin of 2.23%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.05 EPS for the current year.
American Eagle Outfitters Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, July 6th. American Eagle Outfitters’s dividend payout ratio is presently 72.73%.
Analysts Set New Price Targets
A number of brokerages have issued reports on AEO. Deutsche Bank Aktiengesellschaft cut their target price on American Eagle Outfitters from $17.00 to $14.00 in a research report on Thursday, May 25th. Telsey Advisory Group upped their target price on American Eagle Outfitters from $12.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday, August 4th. Bank of America cut their target price on American Eagle Outfitters from $14.00 to $9.00 in a research report on Thursday, May 25th. BMO Capital Markets cut their target price on American Eagle Outfitters from $14.00 to $10.00 in a research report on Thursday, May 25th. Finally, JPMorgan Chase & Co. upped their target price on American Eagle Outfitters from $14.00 to $15.00 in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.92.
View Our Latest Analysis on American Eagle Outfitters
American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men; and intimates, apparel, activewear, and swim collections.
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