KBC Group NV increased the percentage of American Eagle Outfitters, INC (NYSE: AEO) shares that it owned by 216.2% during the third quarter, as indicated by the most recent SEC filing that the company submitted.
The corporation finished the period with a total holding of 17,075 of the apparel retailer’s shares, having made additional purchases amounting to 11,675 shares throughout the period.
The value of the holding KBC Group NV had in American Eagle Outfitters when the most recent reporting period ended was USD 166,000.
Various other hedge funds have recently been seen transacting business in the market by purchasing and selling company shares.
A 6.5% increase in the proportion of American Eagle Outfitters stock that Vanguard Group INC owned as of the end of the first quarter was one of the company’s accomplishments. Following the acquisition of a further 931,001 shares during the period in question, Vanguard Group INC now holds a total of 15,359,398 shares of the stock held by the apparel retailer, which has a value of $258,038,000 due to the company’s holdings.
The investment portfolio managed by Dimensional Fund Advisors LP grew by 1.2% during the first three months of 2018, thanks to the addition of more shares of American Eagle Outfitters.
After making additional purchases totaling 72,940 throughout the time frame in question, Dimensional Fund Advisors LP is now the owner of 5,924,912 shares held by the clothing retailer.
The price per share of the stock is currently $99,543,000. Federated Hermes INC increased the total percentage of American Eagle Outfitters stock owned by 1,285.1% during the second quarter of the fiscal year.
After purchasing an additional 2,766,061 shares during the quarter, Federated Hermes INC now owns a total of 2,981,308 of the apparel retailer’s shares, which have a market value of $33,332,000.
These shares were acquired to bring the total number of shares owned by the company up to 2,981,308.
These shares were purchased at a total expense of $2,766,061, including transaction fees. Charles Schwab Investment Management INC increased the amount of American Eagle Outfitters stock held by 135.2% during the first three months of 2018. Charles Schwab Investment Management INC now has a total of 2,981,091 shares of the clothing retailer’s stock, which have an estimated value of $50,083,000 after purchasing an additional 1,713,420 shares during the period in question.
This gives the company a total of 2,981,091 shares of company stock.
Last but not least, during the second quarter, Goldman Sachs Group INC demonstrated an increase of 91.1% in its interest in American Eagle Outfitters.
This is by no means the least significant finding in this report. Goldman Sachs Group INC now has 2,534,761 shares of the apparel retailer’s stock, valued at $28,338,000, after purchasing an additional 1,208,317 shares throughout the most recent period.
This brings the company’s total number of shares to 2,534,761.
At present, 93.34% of the company’s shares are owned by hedge funds and other institutional investors.
Recently, many individuals who focus their careers on equity research have been paying close attention to AEO shares.
Morgan Stanley reaffirmed its “underweight” rating on shares of American Eagle Outfitters and set a price objective of $12.00 on the stock in a research note distributed on January 12 by the firm.
In a report distributed on November 23, Telsey Advisory Group upgraded American Eagle Outfitters to “market perform” and increased their price objective on the stock from $13.00 to $17.00.
In addition, the price objective on the stock was raised from $13.00 to $17.00.
In a research report that was made public on November 24, Cowen announced that the price objective they had set for American Eagle Outfitters shares had been raised to $15.00.
Deutsche Bank Aktiengesellschaft raised their price objective on shares of American Eagle Outfitters from $17.00 to $18.00 in a research report that was made public on January 11.
Barclays lowered their price objective on shares of American Eagle Outfitters from $17.00 to $15.00 and rated the stock “equal weight” in a research report released on Friday, January 13. Nine analysts have assigned the stock the rating of “hold,” two analysts have assigned the rating of “sell,” and three analysts have assigned the rating of “buy.” According to information from Bloomberg.com, the stock has been given an average “Hold” rating, and analysts have determined that the company should aim to achieve $16.54 over the next twelve months.
When trading started on Wednesday, an individual share of AEO was $16.26.
Moving averages for the past 50 days come in at $15.29 for the company while moving averages for the past 200 days come in at $12.92.
All of the liquidity ratios, including the current ratio, the quick ratio, and the debt-to-equity ratio, are equal to 0.70.
The ratio as of right now is 1.86.
The company has a market capitalization of 3.05 billion dollars, and its PE ratio is 27.56 at present.
Its price-to-earnings growth ratio is 1.29, and its beta and price-to-earnings-growth ratio are 1.47.
Its beta is also 1.47.
American Eagle Outfitters, INC hit an all-time low of $9.46 during the past year, while the company reached an all-time high of $24.50 during the same period.
On November 22, the most recent earnings report for American Eagle Outfitters was made public.
American Eagle Outfitters stock is traded on the New York Stock Exchange (NYSE) under the symbol AEO.
The clothing retailer reported earnings per share (EPS) of $0.42 for the quarter, which was $0.19 higher than the estimate compiled by analysts in the industry.
It was anticipated that the company would bring in $1.21 billion in revenue for the quarter, but it brought in $1.24 billion, a significant increase from the forecasted amount.
The performance of American Eagle Outfitters was quite satisfactory, as evidenced by its net margin of 2.42% and its 13.56% return on equity. Compared to the same quarter in the previous year, American Eagle Outfitters experienced a decrease in revenue of 2.6% during the most recent quarter.
The company reported a profit of $0.76 per share for the quarter, compared to the results it achieved during the same period the year before.
According to projections made by relevant industry experts, American Eagle Outfitters, INC is expected to generate earnings per share of $0.89 for the current fiscal year.
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