Bessemer Group Inc. Has $3.77 Million Stock Holdings in American Eagle Outfitters, Inc. $AEO

Bessemer Group Inc. lifted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 38.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,426 shares of the apparel retailer’s stock after purchasing an additional 62,212 shares during the quarter. Bessemer Group Inc.’s holdings in American Eagle Outfitters were worth $3,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in American Eagle Outfitters by 12.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after acquiring an additional 680,332 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in American Eagle Outfitters by 151,993.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock valued at $1,725,000 after buying an additional 65,357 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd bought a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $2,973,000. Hillsdale Investment Management Inc. acquired a new stake in shares of American Eagle Outfitters in the first quarter worth $5,490,000. Finally, Vanguard Group Inc. increased its position in American Eagle Outfitters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after acquiring an additional 249,158 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 1.1%

AEO stock opened at $17.34 on Wednesday. The business has a fifty day moving average price of $16.95 and a 200 day moving average price of $19.65. American Eagle Outfitters, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $28.46. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 3.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

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

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 2.9%. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEO. Barclays decreased their target price on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Telsey Advisory Group dropped their price target on shares of 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. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a report on Monday, July 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.91.

Insider Transactions at American Eagle Outfitters

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

American Eagle Outfitters Company 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.