Parkwood LLC cut its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,673 shares of the apparel retailer’s stock after selling 3,064 shares during the period. Parkwood LLC’s holdings in American Eagle Outfitters were worth $177,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Glen Harbor Capital Management LLC increased its position in shares of American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 2,877 shares in the last quarter. Elkfork Partners LLC increased its stake in shares of American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 196 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of American Eagle Outfitters during the first quarter valued at $147,000. Finally, Verity Asset Management Inc. bought a new stake in shares of American Eagle Outfitters during the first quarter valued at $152,000. Institutional investors own 89.88% of the company’s stock.
American Eagle Outfitters, Inc. (AEO) traded up 1.20% during midday trading on Friday, hitting $11.79. 2,717,642 shares of the company traded hands. American Eagle Outfitters, Inc. has a 12-month low of $10.56 and a 12-month high of $19.55. The stock has a 50 day moving average of $11.69 and a 200 day moving average of $13.30. The stock has a market cap of $2.09 billion, a P/E ratio of 10.91 and a beta of 1.09.
American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $761.80 million for the quarter, compared to analyst estimates of $741.76 million. American Eagle Outfitters had a return on equity of 18.95% and a net margin of 5.44%. American Eagle Outfitters’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. Equities research analysts predict that American Eagle Outfitters, Inc. will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Wednesday, July 5th. American Eagle Outfitters’s payout ratio is currently 46.30%.
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AEO has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $17.00 price objective on shares of American Eagle Outfitters in a research report on Friday, May 12th. Jefferies Group LLC set a $19.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Deutsche Bank AG restated a “buy” rating and set a $20.00 price objective on shares of American Eagle Outfitters in a research report on Monday, April 24th. Vetr downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $15.00 price objective for the company. in a research report on Thursday, April 20th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.73.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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