American Eagle Outfitters, Inc. $AEO Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) during the third quarter, HoldingsChannel reports. The fund bought 214,316 shares of the apparel retailer’s stock, valued at approximately $3,888,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its position in American Eagle Outfitters by 12.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 25,259 shares of the apparel retailer’s stock worth $449,000 after buying an additional 2,876 shares during the last quarter. CenterBook Partners LP lifted its stake in American Eagle Outfitters by 1,120.9% during the 3rd quarter. CenterBook Partners LP now owns 622,116 shares of the apparel retailer’s stock valued at $11,061,000 after acquiring an additional 571,161 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of American Eagle Outfitters by 5.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,848 shares of the apparel retailer’s stock valued at $300,000 after acquiring an additional 819 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $459,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of American Eagle Outfitters by 588.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 121,100 shares of the apparel retailer’s stock valued at $2,153,000 after acquiring an additional 103,500 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AEO. UBS Group cut their price objective on shares of American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised shares of American Eagle Outfitters from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Barclays lowered their price target on shares of American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, September 10th. Finally, Bank of America initiated coverage on American Eagle Outfitters in a research report on Friday, August 14th. They set an “underperform” rating and a $16.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.55.

Get Our Latest Stock Report on American Eagle Outfitters

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary McMillan sold 3,617 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total transaction of $65,829.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Noel Spiegel sold 3,617 shares of the firm’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $17.68, for a total transaction of $63,948.56. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Up 9.0%

Shares of AEO stock opened at $21.71 on Tuesday. American Eagle Outfitters, Inc. has a twelve month low of $14.10 and a twelve month high of $28.46. The stock has a market cap of $3.64 billion, a P/E ratio of 11.07, a P/E/G ratio of 4.87 and a beta of 1.34. The stock has a 50 day moving average of $17.59 and a 200 day moving average of $18.30. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO – Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post 2.24 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th were issued a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 9th. American Eagle Outfitters’s payout ratio is 25.51%.

About American Eagle Outfitters

(Free Report)

American Eagle Outfitters, Inc is a specialty retailer of apparel, accessories and personal-care products. Its American Eagle brand offers casual clothing, including denim, tops and accessories, while Aerie sells intimates, loungewear, swimwear and activewear. The company also operates OFFLINE by Aerie, a brand focused on activewear and apparel.

The company sells through its retail stores and online channels, serving customers primarily in the United States and Canada, with additional international reach through stores and other distribution arrangements.

Further Reading

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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