Hexagon Capital Partners LLC Increases Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Hexagon Capital Partners LLC boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 81.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,564 shares of the apparel retailer’s stock after buying an additional 1,148 shares during the period. Hexagon Capital Partners LLC’s holdings in American Eagle Outfitters were worth $66,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEO. Wellington Management Group LLP increased its holdings in shares of American Eagle Outfitters by 1,050.5% during the fourth 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 in the last quarter. Pacer Advisors Inc. raised its holdings in shares of American Eagle Outfitters by 37.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,092,955 shares of the apparel retailer’s stock worth $128,927,000 after buying an additional 1,663,569 shares during the last quarter. Norges Bank acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $20,917,000. Goldman Sachs Group Inc. grew its holdings in shares of American Eagle Outfitters by 62.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,233,659 shares of the apparel retailer’s stock valued at $47,264,000 after buying an additional 860,578 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of American Eagle Outfitters by 28.5% in 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. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

AEO has been the topic of several research analyst reports. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Tuesday, April 9th. 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 reaffirmed a “market perform” rating and issued a $25.00 price objective on shares of American Eagle Outfitters in a report on Thursday, May 30th. Finally, Barclays raised their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $25.00.

American Eagle Outfitters Stock Down 2.8 %

Shares of American Eagle Outfitters stock opened at $19.40 on Tuesday. The firm has a market cap of $3.81 billion, a PE ratio of 17.47, a P/E/G ratio of 0.97 and a beta of 1.51. The business has a 50-day moving average price of $22.48 and a 200 day moving average price of $22.38. American Eagle Outfitters, Inc. has a twelve month low of $11.69 and a twelve month high of $26.44.

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

American Eagle Outfitters Announces Dividend

The business also recently announced 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 of this dividend is Friday, July 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.58%. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

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.