Ellington Management Group LLC raised its stake in American Eagle Outfitters (NYSE:AEO) by 245.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,800 shares of the apparel retailer’s stock after purchasing an additional 131,300 shares during the period. American Eagle Outfitters makes up approximately 0.6% of Ellington Management Group LLC’s holdings, making the stock its 14th biggest position. Ellington Management Group LLC’s holdings in American Eagle Outfitters were worth $3,474,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of American Eagle Outfitters during the 4th quarter worth about $129,000. Advisor Group Inc. lifted its holdings in shares of American Eagle Outfitters by 291.6% during the 4th quarter. Advisor Group Inc. now owns 7,257 shares of the apparel retailer’s stock worth $137,000 after acquiring an additional 5,404 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth about $160,000. Lbmc Investment Advisors LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth about $182,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of American Eagle Outfitters during the 4th quarter worth about $189,000. 84.81% of the stock is owned by hedge funds and other institutional investors.
AEO has been the subject of a number of analyst reports. B. Riley raised their price objective on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Telsey Advisory Group raised their price objective on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Thursday, December 7th. Cowen reaffirmed an “outperform” rating and set a $19.00 price objective (up from $16.00) on shares of American Eagle Outfitters in a report on Thursday, December 7th. SunTrust Banks reaffirmed a “buy” rating and set a $19.00 price objective on shares of American Eagle Outfitters in a report on Thursday, December 7th. Finally, ValuEngine raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.00.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts anticipate that American Eagle Outfitters will post 1.44 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a dividend of $0.1375 per share. This is an increase from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, April 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.86%.
TRADEMARK VIOLATION WARNING: This report was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3254889/ellington-management-group-llc-raises-holdings-in-american-eagle-outfitters-aeo.html.
About American Eagle Outfitters
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.
Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.