Samlyn Capital LLC Sells 412,780 Shares of American Eagle Outfitters, Inc. (AEO)
Samlyn Capital LLC lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 41.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 580,708 shares of the apparel retailer’s stock after selling 412,780 shares during the quarter. Samlyn Capital LLC owned 0.33% of American Eagle Outfitters worth $6,997,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in AEO. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the period. Ronald Blue & Co. LLC grew its holdings in shares of American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after purchasing an additional 311 shares during the last quarter. CIBC World Markets Inc. grew its holdings in shares of American Eagle Outfitters by 0.6% in the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after purchasing an additional 63 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of American Eagle Outfitters by 91.1% in the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after buying an additional 5,282 shares during the period. Finally, FNY Managed Accounts LLC purchased a new position in shares of American Eagle Outfitters in the first quarter worth $147,000. Hedge funds and other institutional investors own 83.87% of the company’s stock.
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AEO has been the topic of a number of recent analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $15.00 price target on shares of American Eagle Outfitters in a report on Monday. Cowen and Company restated an “outperform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of American Eagle Outfitters in a research report on Monday. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, September 13th. Royal Bank Of Canada set a $14.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, BidaskClub upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.60.
In other news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the completion of the sale, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.80% of the company’s stock.
Shares of American Eagle Outfitters, Inc. (NYSE AEO) traded down 0.93% on Wednesday, reaching $13.79. The company’s stock had a trading volume of 1,047,297 shares. American Eagle Outfitters, Inc. has a one year low of $10.23 and a one year high of $19.00. The firm has a market capitalization of $2.44 billion, a PE ratio of 14.16 and a beta of 1.10. The firm has a 50-day moving average price of $12.80 and a 200 day moving average price of $12.54.
American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $845.00 million for the quarter, compared to analysts’ expectations of $823.84 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. On average, analysts anticipate that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.125 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.50 annualized dividend and a dividend yield of 3.59%. American Eagle Outfitters’s dividend payout ratio is currently 51.55%.
About American Eagle Outfitters
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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