Legal & General Group Plc purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) in the second quarter, Holdings Channel reports. The fund purchased 388,020 shares of the apparel retailer’s stock, valued at approximately $6,674,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new stake in American Eagle Outfitters during the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $32,000. Plato Investment Management Ltd bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its position in shares of American Eagle Outfitters by 177.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after acquiring an additional 1,134 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 447 shares during the last quarter. 97.33% of the stock is owned by institutional investors.
American Eagle Outfitters Price Performance
Shares of AEO opened at $16.70 on Thursday. American Eagle Outfitters, Inc. has a 12 month low of $13.35 and a 12 month high of $28.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The stock has a fifty day moving average price of $17.04 and a 200 day moving average price of $17.91. The company has a market cap of $2.80 billion, a P/E ratio of 10.31, a PEG ratio of 3.62 and a beta of 1.33.
American Eagle Outfitters Dividend Announcement
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. 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 report on Friday, May 29th. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Citigroup lowered their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.09.
Get Our Latest Stock Report on American Eagle Outfitters
Insider Transactions at American Eagle Outfitters
In other news, Director Noel Joseph Spiegel sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,563 shares of company stock worth $196,599. Insiders own 8.95% of the company’s stock.
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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