Kingsview Wealth Management LLC Invests $3.56 Million in American Eagle Outfitters, Inc. $AEO

Kingsview Wealth Management LLC acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 207,178 shares of the apparel retailer’s stock, valued at approximately $3,563,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in American Eagle Outfitters during the second quarter worth $458,632,000. Marshall Wace LLP boosted its position in American Eagle Outfitters by 920.6% during the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after acquiring an additional 4,959,039 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of American Eagle Outfitters by 162.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after acquiring an additional 3,926,230 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $27,637,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of American Eagle Outfitters in the 4th quarter valued at $40,954,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Eagle Outfitters

In related news, Director David M. Sable sold 5,779 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the transaction, the director owned 53,481 shares of the company’s stock, valued at $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,563 shares of company stock worth $196,599 over the last 90 days. 8.95% of the stock is currently owned by company insiders.

American Eagle Outfitters Trading Up 1.3%

American Eagle Outfitters stock opened at $16.90 on Friday. The stock has a 50-day moving average price of $17.12 and a 200 day moving average price of $18.10. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 3.68 and a beta of 1.32. American Eagle Outfitters, Inc. has a 52 week low of $12.60 and a 52 week high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned ($0.29) EPS. American Eagle Outfitters’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.125 dividend. The ex-dividend date was Friday, July 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 is presently 30.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. William Blair restated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $22.00 target price on shares of American Eagle Outfitters in a report on Monday, June 1st. Morgan Stanley reissued an “equal weight” rating and set a $18.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 6th. Weiss Ratings cut shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Citigroup cut their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $20.09.

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.