Hodges Capital Management Inc. Buys 2,708 Shares of American Eagle Outfitters (AEO)

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Hodges Capital Management Inc. boosted its stake in shares of American Eagle Outfitters (NYSE:AEO) by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,449 shares of the apparel retailer’s stock after buying an additional 2,708 shares during the quarter. American Eagle Outfitters makes up approximately 1.2% of Hodges Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Hodges Capital Management Inc. owned 0.31% of American Eagle Outfitters worth $11,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Scout Investments Inc. lifted its stake in shares of American Eagle Outfitters by 4.0% in the 1st quarter. Scout Investments Inc. now owns 1,008,266 shares of the apparel retailer’s stock valued at $22,353,000 after purchasing an additional 38,671 shares during the period. Randolph Co Inc acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $9,650,000. American Century Companies Inc. lifted its stake in shares of American Eagle Outfitters by 52.1% in the 4th quarter. American Century Companies Inc. now owns 1,009,555 shares of the apparel retailer’s stock valued at $19,515,000 after purchasing an additional 345,597 shares during the period. Geode Capital Management LLC lifted its stake in shares of American Eagle Outfitters by 13.6% in the 4th quarter. Geode Capital Management LLC now owns 1,863,590 shares of the apparel retailer’s stock valued at $36,022,000 after purchasing an additional 223,029 shares during the period. Finally, Sowell Financial Services LLC lifted its stake in shares of American Eagle Outfitters by 8.3% in the 4th quarter. Sowell Financial Services LLC now owns 11,447 shares of the apparel retailer’s stock valued at $221,000 after purchasing an additional 873 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on AEO. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, February 12th. Jefferies Financial Group set a $28.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.62.

American Eagle Outfitters stock traded up $0.52 during midday trading on Monday, reaching $21.78. The stock had a trading volume of 3,580,895 shares, compared to its average volume of 3,960,837. American Eagle Outfitters has a 12 month low of $17.00 and a 12 month high of $29.88. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.89 and a beta of 0.79.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, March 6th. The apparel retailer reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. American Eagle Outfitters had a return on equity of 20.86% and a net margin of 6.49%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. On average, sell-side analysts predict that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 37.16%.

In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 15,196 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.75, for a total transaction of $315,317.00. Following the completion of the sale, the executive vice president now directly owns 30,180 shares of the company’s stock, valued at approximately $626,235. The sale was disclosed in a 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 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.

Further Reading: The Role of a Fiduciary and Individual Investors

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

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