Sowell Financial Services LLC grew its position in shares of American Eagle Outfitters (NYSE:AEO) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,447 shares of the apparel retailer’s stock after buying an additional 873 shares during the quarter. Sowell Financial Services LLC’s holdings in American Eagle Outfitters were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $35,000. Oregon Public Employees Retirement Fund raised its position in shares of American Eagle Outfitters by 1,864.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,299,537 shares of the apparel retailer’s stock valued at $67,000 after purchasing an additional 1,233,392 shares during the period. Acadian Asset Management LLC raised its position in shares of American Eagle Outfitters by 131.5% during the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 2,079 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $104,000. Finally, First Mercantile Trust Co. bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $112,000. Hedge funds and other institutional investors own 92.52% of the company’s stock.
In related news, insider Charles F. Kessler sold 3,573 shares of American Eagle Outfitters stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $23.00, for a total transaction of $82,179.00. Following the completion of the sale, the insider now owns 132,618 shares in the company, valued at approximately $3,050,214. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew J. Mclean sold 15,196 shares of American Eagle Outfitters stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $20.75, for a total transaction of $315,317.00. Following the sale, the executive vice president now owns 30,180 shares of the company’s stock, valued at approximately $626,235. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.86%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company posted $0.44 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.1375 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.36%. American Eagle Outfitters’s dividend payout ratio is presently 37.16%.
Several brokerages have recently commented on AEO. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, February 12th. Jefferies Financial Group set a $28.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a research report on Thursday, March 7th. Finally, ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of “Buy” and an average target price of $24.62.
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American Eagle Outfitters 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. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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