KBC Group NV Acquires 3,668 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

KBC Group NV lifted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,120 shares of the apparel retailer’s stock after purchasing an additional 3,668 shares during the quarter. KBC Group NV’s holdings in American Eagle Outfitters were worth $235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp increased its position in American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after buying an additional 650 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after acquiring an additional 1,033 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new position in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $32,000. Finally, Diversified Trust Co lifted its holdings in American Eagle Outfitters by 4.3% in the 3rd quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock worth $792,000 after purchasing an additional 1,443 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $15.79 on Wednesday. The firm has a fifty day moving average of $17.04 and a 200-day moving average of $19.13. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.02 and a beta of 1.53. American Eagle Outfitters, Inc. has a 52-week low of $15.36 and a 52-week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. On average, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.125 per share. The ex-dividend date was Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.17%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Analysts Set New Price Targets

Several research analysts recently commented on AEO shares. UBS Group dropped their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Jefferies Financial Group cut their price target 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. Bank of America lowered their price objective on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Barclays cut their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. decreased 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 research report on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $21.40.

American Eagle Outfitters Company 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.