American Eagle Outfitters, Inc. $AEO Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 17,873.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,304 shares of the apparel retailer’s stock after purchasing an additional 106,707 shares during the quarter. Fifth Third Bancorp’s holdings in American Eagle Outfitters were worth $1,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEO. Marshall Wace LLP grew its holdings in shares of American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after buying an additional 4,959,039 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of American Eagle Outfitters in the fourth quarter valued at about $40,954,000. Arrowstreet Capital Limited Partnership raised its stake in shares of American Eagle Outfitters by 153.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock worth $63,556,000 after purchasing an additional 1,457,785 shares during the last quarter. M&T Bank Corp purchased a new position in shares of American Eagle Outfitters in the fourth quarter worth about $21,413,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of American Eagle Outfitters by 12.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after purchasing an additional 680,332 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Up 2.6%

AEO opened at $17.82 on Thursday. The company has a fifty day moving average of $16.99 and a two-hundred day moving average of $19.59. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 3.79 and a beta of 1.31. American Eagle Outfitters, Inc. has a fifty-two week low of $10.29 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55.

American Eagle Outfitters (NYSE:AEO) last announced 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. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted ($0.29) EPS. The business’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The SEC filing for this sale provides additional information. Company insiders own 8.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AEO shares. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target on shares of American Eagle Outfitters in a report on Monday, July 6th. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. JPMorgan Chase & Co. decreased their target price on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Citigroup cut their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Finally, Wall Street Zen cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.91.

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.