Hennion & Walsh Asset Management Inc. Has $588,000 Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Hennion & Walsh Asset Management Inc. lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 36.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 22,798 shares of the apparel retailer’s stock after buying an additional 6,114 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in American Eagle Outfitters were worth $588,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of American Eagle Outfitters by 6,980.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 1,396 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. increased its stake in American Eagle Outfitters by 40.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after acquiring an additional 600 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in American Eagle Outfitters during the first quarter valued at approximately $59,000. Institutional investors own 97.33% of the company’s stock.

Insider Activity

In related news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Down 0.2 %

Shares of American Eagle Outfitters stock opened at $19.36 on Wednesday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.97 and a beta of 1.51. American Eagle Outfitters, Inc. has a twelve month low of $11.69 and a twelve month high of $26.44. The company’s fifty day moving average is $22.41 and its 200 day moving average is $22.38.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a $0.125 dividend. The ex-dividend date 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 (DPR) is currently 45.05%.

Wall Street Analysts Forecast Growth

AEO has been the topic of several recent 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. Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, May 30th. Morgan Stanley decreased their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. Finally, Barclays increased their price objective on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. One research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Profile

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.