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

Hsbc Holdings PLC boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 249.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,941 shares of the apparel retailer’s stock after acquiring an additional 49,924 shares during the quarter. Hsbc Holdings PLC’s holdings in American Eagle Outfitters were worth $1,855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AEO. Strategic Investment Solutions Inc. IL grew its stake in shares of American Eagle Outfitters by 50.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $32,000. Raymond James Financial Inc. purchased a new stake in American Eagle Outfitters during the second quarter worth about $35,000. Finally, Federated Hermes Inc. boosted its holdings in American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after buying an additional 2,315 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 4.5%

Shares of AEO opened at $17.08 on Tuesday. 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, Inc. has a 1-year low of $9.56 and a 1-year high of $28.46. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 3.89 and a beta of 1.34. The firm has a 50 day simple moving average of $17.18 and a 200-day simple moving average of $20.75.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm 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%.American Eagle Outfitters’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.77 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company 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 $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Analyst Ratings Changes

AEO has been the subject of a number of research analyst reports. Wall Street Zen cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings lowered American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Telsey Advisory Group dropped 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 note on Friday, May 29th. Finally, Bank of America reduced their price objective 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 analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $20.36.

Insider Transactions at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 2,887 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is currently owned by corporate insiders.

About American Eagle Outfitters

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.