American Eagle Outfitters (AEO) Stake Lifted by Cerebellum GP LLC

Cerebellum GP LLC grew its position in shares of American Eagle Outfitters (NYSE:AEO) by 75.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,220 shares of the apparel retailer’s stock after purchasing an additional 5,688 shares during the period. Cerebellum GP LLC’s holdings in American Eagle Outfitters were worth $256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position in shares of American Eagle Outfitters by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,317 shares of the apparel retailer’s stock valued at $1,519,000 after purchasing an additional 1,890 shares in the last quarter. Chicago Equity Partners LLC lifted its holdings in shares of American Eagle Outfitters by 1.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 209,140 shares of the apparel retailer’s stock worth $5,193,000 after acquiring an additional 2,680 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of American Eagle Outfitters by 4.6% during the 3rd quarter. Verition Fund Management LLC now owns 66,084 shares of the apparel retailer’s stock worth $1,641,000 after acquiring an additional 2,922 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of American Eagle Outfitters by 2.7% during the 3rd quarter. Arizona State Retirement System now owns 119,642 shares of the apparel retailer’s stock worth $2,971,000 after acquiring an additional 3,154 shares during the last quarter. Finally, HAP Trading LLC lifted its holdings in shares of American Eagle Outfitters by 5.6% during the 3rd quarter. HAP Trading LLC now owns 60,374 shares of the apparel retailer’s stock worth $1,499,000 after acquiring an additional 3,224 shares during the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.

American Eagle Outfitters stock opened at $19.70 on Friday. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.34 and a beta of 0.82. American Eagle Outfitters has a twelve month low of $16.14 and a twelve month high of $29.88.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Tuesday, December 11th. The apparel retailer reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. American Eagle Outfitters had a net margin of 6.96% and a return on equity of 21.28%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts anticipate that American Eagle Outfitters will post 1.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, December 13th. American Eagle Outfitters’s dividend payout ratio is presently 47.41%.

A number of research firms have recently issued reports on AEO. Bank of America downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 price objective for the company. in a report on Thursday, November 1st. Wedbush raised shares of American Eagle Outfitters from a “neutral” rating to an “outperform” rating and set a $29.00 price objective for the company in a report on Monday, October 15th. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, November 12th. Citigroup raised shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, October 19th. Finally, Deutsche Bank downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, December 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the stock. American Eagle Outfitters currently has an average rating of “Buy” and an average target price of $24.33.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 14,984 shares of the business’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $18.26, for a total value of $273,607.84. Following the completion of the sale, the executive vice president now directly owns 14,984 shares of the company’s stock, valued at $273,607.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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