CIBC Asset Management Inc Acquires Shares of 17,848 American Eagle Outfitters, Inc. (NYSE:AEO)

CIBC Asset Management Inc bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 17,848 shares of the apparel retailer’s stock, valued at approximately $298,000.

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. lifted its position in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after buying an additional 937 shares during the last quarter. Advisors Asset Management Inc. increased its position in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the last quarter. Principal Securities Inc. raised its stake in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares during the period. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth about $141,000. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AEO. Jefferies Financial Group decreased their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $19.00 to $17.00 in a research report on Wednesday, February 5th. Barclays reiterated an “equal weight” rating and issued a $17.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Finally, Bank of America lowered their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $21.00.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, January 16th. The stock was 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 is available at the SEC website. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $13.92 on Tuesday. American Eagle Outfitters, Inc. has a 1-year low of $13.64 and a 1-year high of $26.44. The company has a 50-day moving average of $16.01 and a 200 day moving average of $18.50. The firm has a market cap of $2.67 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share 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 analysts’ expectations 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 revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.59%. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.

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.