Rhumbline Advisers Buys 3,631 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Rhumbline Advisers boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 528,510 shares of the apparel retailer’s stock after purchasing an additional 3,631 shares during the quarter. Rhumbline Advisers’ holdings in American Eagle Outfitters were worth $6,141,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Blue Trust Inc. increased 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 purchasing an additional 937 shares during the last quarter. Huntington National Bank lifted its holdings in shares of American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after acquiring an additional 1,475 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. State of Wyoming bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth $49,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 1,944 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEO. Cfra Research downgraded shares of American Eagle Outfitters from a “moderate buy” rating to a “hold” rating in a research note on Friday, June 6th. Bank of America lowered their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the company an “equal weight” rating in a report on Monday, June 2nd. Wall Street Zen downgraded shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. Finally, Telsey Advisory Group increased their price target on shares of American Eagle Outfitters to $12.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.70.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $10.12 on Thursday. The stock has a market cap of $1.75 billion, a PE ratio of 8.65, a price-to-earnings-growth ratio of 0.82 and a beta of 1.51. The firm has a fifty day moving average price of $10.91 and a 200 day moving average price of $13.72. American Eagle Outfitters, Inc. has a 1 year low of $9.45 and a 1 year high of $22.83.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.94%. The ex-dividend date is Friday, July 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 51.02%.

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.