Panagora Asset Management Inc. Purchases 38,534 Shares of American Eagle Outfitters, Inc. $AEO

Panagora Asset Management Inc. boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 903,432 shares of the apparel retailer’s stock after buying an additional 38,534 shares during the quarter. Panagora Asset Management Inc.’s holdings in American Eagle Outfitters were worth $23,824,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEO. Royal Bank of Canada lifted its stake in American Eagle Outfitters by 24.8% in the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after purchasing an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after purchasing an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after purchasing an additional 48,624 shares during the last quarter. Empowered Funds LLC lifted its stake in American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in American Eagle Outfitters by 349.9% in the second quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after purchasing an additional 418,943 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $18.38 on Tuesday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 4.09 and a beta of 1.34. The company’s 50 day moving average is $17.26 and its 200 day moving average is $21.05. 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, Inc. has a 52-week low of $9.42 and a 52-week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. American Eagle Outfitters’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted ($0.29) earnings per share. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 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, July 24th. Investors of record on Friday, July 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

Insider Activity at American Eagle Outfitters

In related news, Director Noel Joseph Spiegel sold 2,887 shares of American Eagle Outfitters 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 2,887 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. The disclosure for this sale is available in the SEC filing. Company insiders own 8.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AEO. Wall Street Zen downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Sunday, June 7th. Bank of America decreased their price objective on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a research note on Friday, May 29th. Zacks Research downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Finally, Needham & Company LLC assumed coverage on shares of American Eagle Outfitters in a research report on Thursday, March 26th. They set a “hold” rating on the stock. One equities research analyst has 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. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $20.36.

American Eagle Outfitters 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.