Nationwide Fund Advisors Raises Position in American Eagle Outfitters (AEO)
Nationwide Fund Advisors boosted its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,065 shares of the apparel retailer’s stock after buying an additional 33,414 shares during the quarter. Nationwide Fund Advisors owned approximately 0.25% of American Eagle Outfitters worth $6,279,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Engineers Gate Manager LP acquired a new stake in shares of American Eagle Outfitters during the second quarter worth $2,016,000. Russell Investments Group Ltd. lifted its position in American Eagle Outfitters by 84.6% during the second quarter. Russell Investments Group Ltd. now owns 138,705 shares of the apparel retailer’s stock valued at $1,671,000 after purchasing an additional 63,583 shares during the period. Marshall Wace North America L.P. lifted its position in American Eagle Outfitters by 807.2% during the second quarter. Marshall Wace North America L.P. now owns 496,468 shares of the apparel retailer’s stock valued at $5,958,000 after purchasing an additional 441,740 shares during the period. LSV Asset Management lifted its position in American Eagle Outfitters by 1.1% during the second quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock valued at $88,446,000 after purchasing an additional 76,600 shares during the period. Finally, Verity Asset Management Inc. increased its holdings in American Eagle Outfitters by 237.8% in the second quarter. Verity Asset Management Inc. now owns 36,588 shares of the apparel retailer’s stock valued at $441,000 after buying an additional 25,756 shares in the last quarter. 83.51% of the stock is currently owned by institutional investors.
Shares of American Eagle Outfitters (NYSE AEO) opened at $17.63 on Tuesday. The stock has a market cap of $3,055.02, a PE ratio of 15.52, a P/E/G ratio of 1.70 and a beta of 1.19. American Eagle Outfitters has a one year low of $10.23 and a one year high of $17.93.
American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. analysts predict that American Eagle Outfitters will post 1.16 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 2.84%. American Eagle Outfitters’s payout ratio is 54.35%.
AEO has been the subject of a number of recent analyst reports. FBR & Co reaffirmed a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Thursday, November 9th. Wolfe Research raised shares of American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Jefferies Group set a $18.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Sunday, September 10th. Finally, Cowen reissued an “outperform” rating and set a $16.00 target price (up previously from $14.00) on shares of American Eagle Outfitters in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.05.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the transaction, the insider now directly owns 27,531 shares in the company, valued at approximately $391,490.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.90% of the company’s stock.
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American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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