44,026 Shares in American Eagle Outfitters, Inc. $AEO Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,026 shares of the apparel retailer’s stock, valued at approximately $753,000.

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of American Eagle Outfitters during the second quarter valued at approximately $35,000. Strs Ohio bought a new position in American Eagle Outfitters in the 3rd quarter valued at $36,000. Federated Hermes Inc. grew its holdings in shares of American Eagle Outfitters by 151.0% in 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 last quarter. McIlrath & Eck LLC purchased a new position in American Eagle Outfitters in the 3rd quarter worth about $39,000. Finally, Hantz Financial Services Inc. increased its stake in American Eagle Outfitters by 41.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock worth $53,000 after buying an additional 906 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AEO shares. Zacks Research cut shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Telsey Advisory Group decreased their price target on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a research note on Thursday, March 5th. Bank of America boosted their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, December 3rd. Finally, Citigroup increased their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $21.75.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,896 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. Additional details regarding this sale are available in the official SEC disclosure. 8.70% of the stock is owned by corporate insiders.

American Eagle Outfitters Trading Down 3.3%

NYSE AEO opened at $17.57 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.52. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39. The company’s 50-day simple moving average is $24.02 and its two-hundred day simple moving average is $20.81. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. American Eagle Outfitters’s payout ratio is 44.64%.

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.