American Eagle Outfitters, Inc. $AEO Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 162.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,336,392 shares of the apparel retailer’s stock after purchasing an additional 3,926,230 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in American Eagle Outfitters were worth $105,818,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in American Eagle Outfitters during the fourth quarter worth about $32,000. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters during the second quarter worth about $35,000. Federated Hermes Inc. raised its stake in American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in American Eagle Outfitters by 8,432.1% in the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock valued at $41,000 after purchasing an additional 2,361 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEO. Citigroup dropped their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. UBS Group reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. TD Cowen decreased their price objective on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Telsey Advisory Group decreased their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. Finally, Barclays lowered their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.91.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $16.98 on Friday. The company’s 50 day simple moving average is $17.06 and its 200-day simple moving average is $19.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. American Eagle Outfitters, Inc. has a 1 year low of $10.29 and a 1 year high of $28.46. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 3.71 and a beta of 1.31.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted ($0.29) EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is 30.86%.

Insiders Place Their Bets

In other news, Director Noel Joseph Spiegel sold 2,892 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The SEC filing for this sale provides additional information. 8.95% of the stock is owned by corporate insiders.

American Eagle Outfitters Company Profile

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.