Legacy Wealth Asset Management LLC Purchases Shares of 11,104 American Eagle Outfitters, Inc. (NYSE:AEO)

Legacy Wealth Asset Management LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,104 shares of the apparel retailer’s stock, valued at approximately $185,000.

A number of other large investors have also made changes to their positions in the stock. Kathleen S. Wright Associates Inc. acquired a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $32,000. Advisors Asset Management Inc. lifted its position in American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in American Eagle Outfitters during the third quarter worth $141,000. Meeder Asset Management Inc. bought a new stake in American Eagle Outfitters in the 3rd quarter valued at $141,000. Finally, ORG Partners LLC acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $147,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Telsey Advisory Group lowered their price objective on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Bank of America cut their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday. Raymond James initiated coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating on the stock. Finally, Jefferies Financial Group cut their price objective on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.60.

American Eagle Outfitters Stock Up 3.1 %

Shares of NYSE:AEO opened at $16.07 on Friday. The firm has a market cap of $3.09 billion, a P/E ratio of 13.73, a P/E/G ratio of 1.04 and a beta of 1.53. American Eagle Outfitters, Inc. has a 12 month low of $15.36 and a 12 month high of $26.44. The company’s 50-day moving average price is $17.36 and its two-hundred day moving average price is $19.44.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. American Eagle Outfitters’s revenue was down .9% compared to the same quarter last year. As a group, equities analysts predict that American Eagle Outfitters, Inc. will post 1.68 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.11%. American Eagle Outfitters’s payout ratio is currently 42.74%.

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.