American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,477,942 shares of the apparel retailer’s stock after purchasing an additional 24,343 shares during the period. Vanguard Group Inc. owned about 10.37% of American Eagle Outfitters worth $433,313,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in American Eagle Outfitters by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock valued at $232,846,000 after purchasing an additional 284,965 shares during the period. Pacer Advisors Inc. lifted its position in shares of American Eagle Outfitters by 37.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock valued at $128,927,000 after acquiring an additional 1,663,569 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of American Eagle Outfitters by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,886,613 shares of the apparel retailer’s stock valued at $61,081,000 after acquiring an additional 44,375 shares during the period. Wellington Management Group LLP lifted its position in shares of American Eagle Outfitters by 1,050.5% during the 4th quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock valued at $56,740,000 after acquiring an additional 2,448,400 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of American Eagle Outfitters by 28.5% during the 3rd quarter. American Century Companies Inc. now owns 2,259,598 shares of the apparel retailer’s stock valued at $37,532,000 after acquiring an additional 500,555 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

AEO stock opened at $20.60 on Thursday. The stock has a market capitalization of $4.05 billion, a P/E ratio of 18.56, a PEG ratio of 1.00 and a beta of 1.49. American Eagle Outfitters, Inc. has a one year low of $11.48 and a one year high of $26.44. The company has a 50 day moving average price of $22.64 and a two-hundred day moving average price of $22.39.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. American Eagle Outfitters’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. American Eagle Outfitters’s dividend payout ratio is presently 45.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AEO. Barclays lifted their price target on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. Morgan Stanley reduced their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, May 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, May 30th. Finally, JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $25.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 1,908 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jennifer M. Foyle sold 16,971 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total transaction of $433,269.63. Following the completion of the sale, the insider now directly owns 226,497 shares of the company’s stock, valued at approximately $5,782,468.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 1,908 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. Corporate insiders own 7.30% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.