American Eagle Outfitters, Inc. $AEO Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 249.4% during the 4th quarter, HoldingsChannel reports. The fund owned 69,941 shares of the apparel retailer’s stock after acquiring an additional 49,924 shares during the period. Hsbc Holdings PLC’s holdings in American Eagle Outfitters were worth $1,855,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after purchasing an additional 4,959,039 shares during the period. Balyasny Asset Management L.P. purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $40,954,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of American Eagle Outfitters by 153.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock worth $63,556,000 after buying an additional 1,457,785 shares during the last quarter. Kinetic Partners Management LP purchased a new position in shares of American Eagle Outfitters in the 3rd quarter worth $14,618,000. Finally, M&T Bank Corp acquired a new position in American Eagle Outfitters in the fourth quarter valued at $21,413,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Up 0.7%

Shares of AEO traded up $0.12 during midday trading on Friday, reaching $16.80. 2,666,505 shares of the company were exchanged, compared to its average volume of 4,475,604. American Eagle Outfitters, Inc. has a 1-year low of $9.58 and a 1-year high of $28.46. The stock has a 50-day moving average price of $16.88 and a 200-day moving average price of $20.17. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 3.67 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. Research analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.

Insider Buying and Selling

In other news, Director Cary D. Mcmillan sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AEO. Weiss Ratings lowered American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a report on Monday, June 1st. Morgan Stanley reissued an “equal weight” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 6th. UBS Group cut their price target on shares of American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Finally, Citigroup reduced their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $19.91.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.