American Eagle Outfitters, Inc. $AEO Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 249.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,941 shares of the apparel retailer’s stock after purchasing an additional 49,924 shares during the quarter. Hsbc Holdings PLC’s holdings in American Eagle Outfitters were worth $1,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in shares of American Eagle Outfitters by 10.3% during the fourth quarter. Invesco Ltd. now owns 769,161 shares of the apparel retailer’s stock worth $20,283,000 after purchasing an additional 71,858 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of American Eagle Outfitters by 34.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,207 shares of the apparel retailer’s stock valued at $559,000 after purchasing an additional 5,441 shares during the period. Mackenzie Financial Corp boosted its position in shares of American Eagle Outfitters by 757.0% in the 4th quarter. Mackenzie Financial Corp now owns 96,674 shares of the apparel retailer’s stock valued at $2,575,000 after purchasing an additional 85,394 shares during the period. CacheTech Inc. purchased a new position in American Eagle Outfitters during the 4th quarter worth approximately $237,000. Finally, Fuller & Thaler Asset Management Inc. grew its stake in American Eagle Outfitters by 9.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,952,866 shares of the apparel retailer’s stock worth $77,867,000 after buying an additional 250,084 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AEO has been the topic of several recent analyst reports. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a research report on Monday, June 1st. UBS Group reduced their price target on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating for the company in a report on Friday, May 29th. Barclays decreased their price target on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Telsey Advisory Group cut their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Finally, Bank of America reduced their target price on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.91.

American Eagle Outfitters Price Performance

Shares of AEO stock traded up $0.12 during mid-day trading on Friday, reaching $16.80. The stock had a trading volume of 2,666,505 shares, compared to its average volume of 4,475,604. The company has a market cap of $2.82 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 3.67 and a beta of 1.31. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a 12-month low of $9.58 and a 12-month high of $28.46. The business has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $20.17.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned ($0.29) EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is 30.86%.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.