Harel Insurance Investments & Financial Services Ltd. grew its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 536.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,457 shares of the apparel retailer’s stock after buying an additional 8,814 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in American Eagle Outfitters were worth $1,022,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. purchased a new position in shares of American Eagle Outfitters during the 1st quarter valued at $32,000. Harvest Fund Management Co. Ltd purchased a new position in American Eagle Outfitters in the 4th quarter valued at approximately $55,000. Emerald Advisers LLC purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth $140,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of American Eagle Outfitters in the fourth quarter worth $147,000. Finally, Marshall Wace LLP purchased a new position in shares of American Eagle Outfitters in the first quarter valued at $198,000.
Several equities research analysts have recently weighed in on AEO shares. B. Riley upped their price target on American Eagle Outfitters from $32.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 15th. Cowen upped their price target on shares of American Eagle Outfitters from $31.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, April 21st. BMO Capital Markets raised their price target on American Eagle Outfitters from $26.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of American Eagle Outfitters from $30.00 to $42.00 and gave the stock an “overweight” rating in a research report on Monday, April 19th. Finally, Citigroup lifted their target price on shares of American Eagle Outfitters from $29.00 to $32.00 in a research report on Thursday, March 4th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.63.
American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Tuesday, March 2nd. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. American Eagle Outfitters had a negative net margin of 5.50% and a negative return on equity of 1.82%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post -0.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Thursday, March 11th. American Eagle Outfitters’s payout ratio is currently 37.16%.
In other American Eagle Outfitters news, Director Thomas R. Ketteler sold 950 shares of the stock in a transaction on Monday, April 19th. The stock was sold at an average price of $34.52, for a total value of $32,794.00. Following the completion of the transaction, the director now owns 5,564 shares in the company, valued at $192,069.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stacy Siegal sold 3,699 shares of the firm’s stock in a transaction on Monday, March 29th. The shares were sold at an average price of $29.00, for a total value of $107,271.00. Following the transaction, the executive vice president now directly owns 20,109 shares of the company’s stock, valued at approximately $583,161. The disclosure for this sale can be found here. Insiders sold 278,088 shares of company stock valued at $9,733,038 over the last 90 days. 8.10% of the stock is currently owned by company insiders.
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. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.
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