American Eagle Outfitters, Inc. (NYSE:AEO) Position Raised by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 9.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 39,534 shares of the apparel retailer’s stock after buying an additional 3,267 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in American Eagle Outfitters were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in American Eagle Outfitters by 2.8% during the third quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after purchasing an additional 268,326 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of American Eagle Outfitters in the third quarter valued at $119,691,000. Victory Capital Management Inc. grew its position in American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Principal Financial Group Inc. grew its position in American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after purchasing an additional 281,548 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

AEO has been the topic of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. Telsey Advisory Group lowered their price objective on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets lowered their price target on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Thursday, December 5th. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price target on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.60.

American Eagle Outfitters Trading Up 3.1 %

AEO stock opened at $16.07 on Tuesday. American Eagle Outfitters, Inc. has a 1 year low of $15.36 and a 1 year high of $26.44. The company has a fifty day simple moving average of $17.32 and a 200 day simple moving average of $19.42. The firm has a market cap of $3.09 billion, a PE ratio of 13.73, a PEG ratio of 1.04 and a beta of 1.53.

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

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a 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.