19,775 Shares in American Eagle Outfitters, Inc. $AEO Bought by Corient Private Wealth LLC

Corient Private Wealth LLC acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,775 shares of the apparel retailer’s stock, valued at approximately $190,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. increased its position in shares of American Eagle Outfitters by 5.2% during the second quarter. American Century Companies Inc. now owns 6,329,202 shares of the apparel retailer’s stock worth $60,887,000 after purchasing an additional 312,168 shares in the last quarter. Millennium Management LLC boosted its holdings in American Eagle Outfitters by 37.7% in the 1st quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer’s stock valued at $40,158,000 after purchasing an additional 946,904 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in American Eagle Outfitters by 41.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after acquiring an additional 678,536 shares during the period. Russell Investments Group Ltd. boosted its stake in American Eagle Outfitters by 50.7% during the second quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock worth $13,791,000 after buying an additional 482,534 shares during the period. Finally, AQR Capital Management LLC increased its holdings in American Eagle Outfitters by 82.9% in the 1st quarter. AQR Capital Management LLC now owns 1,299,149 shares of the apparel retailer’s stock valued at $14,641,000 after purchasing an additional 588,907 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $26.36 on Friday. The stock has a market cap of $4.47 billion, a P/E ratio of 22.72 and a beta of 1.39. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $28.15. The stock has a 50 day moving average of $21.63 and a two-hundred day moving average of $16.39. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.32 billion. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. American Eagle Outfitters’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.9%. American Eagle Outfitters’s payout ratio is presently 43.10%.

Insider Activity at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 243,047 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the completion of the sale, the insider directly owned 191,751 shares of the company’s stock, valued at $4,659,549.30. This trade represents a 55.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

AEO has been the topic of several analyst reports. UBS Group increased their price objective on American Eagle Outfitters from $22.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Zacks Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Barclays lifted their price target on shares of American Eagle Outfitters from $14.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 3rd. Morgan Stanley set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, Cowen reaffirmed a “hold” rating on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.45.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.