American Eagle Outfitters, Inc. $AEO Shares Acquired by LSV Asset Management

LSV Asset Management raised its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 521,300 shares of the apparel retailer’s stock after purchasing an additional 33,600 shares during the period. LSV Asset Management’s holdings in American Eagle Outfitters were worth $13,747,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Cambria Investment Management L.P. increased its position in shares of American Eagle Outfitters by 4.5% during the third quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock worth $184,000 after purchasing an additional 468 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its position in shares of American Eagle Outfitters by 50.0% during the third quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of American Eagle Outfitters by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock worth $254,000 after purchasing an additional 678 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Eagle Outfitters by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock worth $989,000 after purchasing an additional 731 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of American Eagle Outfitters by 1.6% during the third quarter. Amalgamated Bank now owns 46,282 shares of the apparel retailer’s stock valued at $792,000 after buying an additional 742 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $16.58 on Tuesday. The company’s fifty day moving average price is $17.17 and its 200 day moving average price is $21.11. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46. The stock has a market capitalization of $2.78 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.17 and a beta of 1.38.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. American Eagle Outfitters’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.75 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 44.64%.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel sold 2,887 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The SEC filing for this sale provides additional information. 8.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEO shares. Wall Street Zen raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 25th. Barclays raised shares of American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and set a $19.00 price objective on the stock in a report on Wednesday, May 6th. Needham & Company LLC started coverage on shares of American Eagle Outfitters in a report on Thursday, March 26th. They set a “hold” rating on the stock. Telsey Advisory Group dropped their price objective on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, March 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Eagle Outfitters in a report on Wednesday, March 25th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.45.

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.