Hsbc Holdings PLC trimmed its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 31.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 37,373 shares of the apparel retailer’s stock after selling 16,839 shares during the quarter. Hsbc Holdings PLC’s holdings in American Eagle Outfitters were worth $753,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at about $55,000. US Bancorp DE increased its stake in American Eagle Outfitters by 191.0% in the 3rd quarter. US Bancorp DE now owns 8,362 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 5,488 shares during the period. Emerald Advisers LLC bought a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $140,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $147,000. Finally, Marshall Wace LLP bought a new position in shares of American Eagle Outfitters in the first quarter worth approximately $198,000.
Several equities research analysts have weighed in on AEO shares. JPMorgan Chase & Co. increased their price target on shares of American Eagle Outfitters from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. B. Riley boosted their target price on American Eagle Outfitters from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Morgan Stanley upped their target price on American Eagle Outfitters from $18.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, March 15th. BMO Capital Markets boosted their target price on shares of American Eagle Outfitters from $19.00 to $26.00 and gave the company a “market perform” rating in a report on Friday, January 22nd. Finally, Royal Bank of Canada upgraded shares of American Eagle Outfitters from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $30.00 in a research note on Monday, January 25th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.88.
American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Tuesday, March 2nd. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. American Eagle Outfitters had a negative net margin of 5.50% and a negative return on equity of 1.82%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. On average, equities research analysts predict that American Eagle Outfitters, Inc. will post -0.16 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, March 12th were given a $0.1375 dividend. The ex-dividend date was Thursday, March 11th. This represents a $0.55 annualized dividend and a yield of 1.77%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.
In other American Eagle Outfitters news, EVP Stacy Siegal sold 3,699 shares of the stock in a transaction on Monday, March 29th. The stock was sold at an average price of $29.00, for a total transaction of $107,271.00. Following the sale, the executive vice president now directly owns 20,109 shares in the company, valued at approximately $583,161. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.10% of the company’s stock.
About American Eagle Outfitters
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 men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
Further Reading: What is a CD ladder?
Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters, Inc. (NYSE:AEO).
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.