American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 40.0% in the fourth quarter, Holdings Channel reports. The fund owned 147,000 shares of the apparel retailer’s stock after purchasing an additional 42,000 shares during the period. Hussman Strategic Advisors Inc.’s holdings in American Eagle Outfitters were worth $2,450,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP increased its position in shares of American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock worth $218,293,000 after purchasing an additional 268,326 shares during the last quarter. Congress Asset Management Co. acquired a new stake in shares of American Eagle Outfitters during the 3rd quarter worth about $119,691,000. Victory Capital Management Inc. increased its position in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after purchasing an additional 1,262,693 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after purchasing an additional 281,548 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEO. UBS Group cut their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. BMO Capital Markets cut their price objective on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research report on Thursday, December 5th. Raymond James began coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.00.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $14.47 on Thursday. The stock has a 50-day simple moving average of $16.20 and a 200-day simple moving average of $18.65. The stock has a market capitalization of $2.78 billion, a PE ratio of 12.36, a PEG ratio of 0.85 and a beta of 1.53. American Eagle Outfitters, Inc. has a 1 year low of $14.07 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. Analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is presently 42.74%.

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.