Impala Asset Management LLC acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) during the first quarter, Holdings Channel reports. The institutional investor acquired 145,300 shares of the apparel retailer’s stock, valued at approximately $2,427,000. American Eagle Outfitters accounts for 1.1% of Impala Asset Management LLC’s portfolio, making the stock its 16th largest position.
Other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of American Eagle Outfitters by 24.8% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after buying an additional 4,599 shares during the period. Jones Financial Companies Lllp raised its position in American Eagle Outfitters by 1,238.2% during the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after buying an additional 48,624 shares during the last quarter. Empowered Funds LLC raised its position in American Eagle Outfitters by 9.6% during the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after buying an additional 1,398 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in American Eagle Outfitters by 349.9% during the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock valued at $5,182,000 after acquiring an additional 418,943 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. The SEC filing for this sale provides additional information. Company insiders own 8.95% of the company’s stock.
American Eagle Outfitters Stock Performance
American Eagle Outfitters (NYSE:AEO – Get Free Report) last released its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned ($0.29) earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.
American Eagle Outfitters Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 30.86%.
Wall Street Analyst Weigh In
Several research firms have recently commented on AEO. The Goldman Sachs Group set a $22.00 price objective on shares of American Eagle Outfitters in a report on Monday, June 1st. Bank of America decreased their target price on shares of American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Friday, May 29th. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Wall Street Zen lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Telsey Advisory Group decreased their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $19.91.
Check Out Our Latest Research Report on American Eagle Outfitters
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.
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