Cambria Investment Management L.P. Reduces Stake in American Eagle Outfitters (AEO)
Cambria Investment Management L.P. decreased its holdings in American Eagle Outfitters (NYSE:AEO) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,180 shares of the apparel retailer’s stock after selling 4,008 shares during the period. Cambria Investment Management L.P. owned about 0.05% of American Eagle Outfitters worth $1,318,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in American Eagle Outfitters by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock worth $103,000 after buying an additional 729 shares during the last quarter. Sterling Capital Management LLC acquired a new position in American Eagle Outfitters in the second quarter worth approximately $128,000. CIBC World Markets Inc. increased its holdings in American Eagle Outfitters by 0.6% in the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock worth $133,000 after buying an additional 63 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in American Eagle Outfitters by 91.1% in the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock worth $134,000 after buying an additional 5,282 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in American Eagle Outfitters in the third quarter worth approximately $160,000. Institutional investors own 83.51% of the company’s stock.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the company’s 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 sale, the insider now owns 27,531 shares of the company’s stock, valued at $391,490.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.90% of the stock is owned by corporate insiders.
American Eagle Outfitters (NYSE:AEO) last announced 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 company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. equities analysts predict that American Eagle Outfitters will post 1.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 2.84%. American Eagle Outfitters’s payout ratio is currently 54.35%.
A number of equities analysts recently commented on AEO shares. BMO Capital Markets restated a “buy” rating and issued a $15.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, September 13th. Cowen set a $14.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 23rd. SunTrust Banks set a $15.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, August 24th. FBR & Co restated a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. Finally, ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. American Eagle Outfitters presently has an average rating of “Hold” and an average target price of $15.05.
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.
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