Wells Fargo & Company MN Has $11.39 Million Stake in American Eagle Outfitters (AEO)

Wells Fargo & Company MN raised its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 41.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 796,725 shares of the apparel retailer’s stock after acquiring an additional 233,269 shares during the quarter. Wells Fargo & Company MN owned approximately 0.45% of American Eagle Outfitters worth $11,394,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AEO. LSV Asset Management boosted its position in shares of American Eagle Outfitters by 1.1% in the 2nd quarter. LSV Asset Management now owns 7,339,955 shares of the apparel retailer’s stock valued at $88,446,000 after purchasing an additional 76,600 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of American Eagle Outfitters by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock valued at $87,008,000 after purchasing an additional 1,687,520 shares during the period. Hamlin Capital Management LLC boosted its position in shares of American Eagle Outfitters by 16.4% in the 3rd quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock valued at $95,489,000 after purchasing an additional 940,045 shares during the period. State Street Corp boosted its position in shares of American Eagle Outfitters by 4.5% in the 2nd quarter. State Street Corp now owns 6,011,488 shares of the apparel retailer’s stock valued at $72,433,000 after purchasing an additional 258,845 shares during the period. Finally, Northern Trust Corp boosted its position in shares of American Eagle Outfitters by 4.0% in the 2nd quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock valued at $39,768,000 after purchasing an additional 128,068 shares during the period. 83.20% of the stock is owned by institutional investors and hedge funds.

AEO has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of American Eagle Outfitters in a research note on Tuesday, September 5th. Cowen reaffirmed an “outperform” rating and set a $19.00 price objective (up from $16.00) on shares of American Eagle Outfitters in a research note on Thursday, December 7th. Telsey Advisory Group upped their price objective on American Eagle Outfitters from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, December 7th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $15.33.

American Eagle Outfitters (AEO) opened at $18.85 on Tuesday. The stock has a market capitalization of $3,330.00, a P/E ratio of 20.71, a PEG ratio of 1.87 and a beta of 1.19. American Eagle Outfitters has a one year low of $10.23 and a one year high of $19.04.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $960.86 million. American Eagle Outfitters had a return on equity of 22.35% and a net margin of 6.64%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. analysts anticipate that American Eagle Outfitters will post 1.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Thursday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is 54.95%.

In other news, insider Jennifer M. Foyle sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the transaction, the insider now directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.80% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Company MN Has $11.39 Million Stake in American Eagle Outfitters (AEO)” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/12/26/wells-fargo-company-mn-has-11-39-million-stake-in-american-eagle-outfitters-aeo.html.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit