146,382 Shares in American Eagle Outfitters, Inc. $AEO Bought by Diamond Hill Capital Management LLC Investment Advisor

Key Points

• Diamond Hill Capital Management acquired 146,382 shares of American Eagle Outfitters, valued at approximately $2.5 million, giving it a 0.09% stake. Institutional investors collectively own 97.33% of the company.
• Analyst sentiment remains cautious: AEO has a consensus “Hold” rating and a $19.91 price target, while several brokerages recently lowered their targets. Directors also sold 11,563 shares worth about $196,599 over the past 90 days.
• American Eagle reported quarterly revenue of $1.20 billion and earnings of $0.14 per share, exceeding analyst estimates; the stock was trading near $16.39 and carried a 3.1% dividend yield.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 146,382 shares of the apparel retailer's stock, valued at approximately $2,518,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.09% of American Eagle Outfitters as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AEO. Kemnay Advisory Services Inc. bought a new stake in American Eagle Outfitters in the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its position in shares of American Eagle Outfitters by 177.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer's stock valued at $47,000 after buying an additional 1,134 shares during the last quarter. Quadrant Capital Group LLC grew its holdings 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 buying an additional 447 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in American Eagle Outfitters by 75.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,176 shares of the apparel retailer's stock worth $57,000 after buying an additional 938 shares in the last quarter. Institutional investors own 97.33% of the company's stock.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan 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 $16.77, for a total value of $48,498.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David M. Sable sold 5,779 shares of the company's stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director owned 53,481 shares in the company, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,563 shares of company stock worth $196,599 over the last 90 days. 8.95% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AEO. Barclays dropped their price target on American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, May 29th. TD Cowen lowered their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating on the stock in a report on Monday, May 18th. Weiss Ratings downgraded shares of American Eagle Outfitters from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, June 1st. Bank of America reaffirmed an "underperform" rating and issued a $16.00 price target on shares of American Eagle Outfitters in a report on Friday. Finally, Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating on the stock in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.91.

American Eagle Outfitters Trading Up 1.4%

AEO stock opened at $16.39 on Tuesday. The company has a market capitalization of $2.75 billion, a PE ratio of 10.12 and a beta of 1.32. American Eagle Outfitters, Inc. has a one year low of $12.05 and a one year high of $28.46. The company's 50 day moving average price is $17.35 and its two-hundred day moving average price is $18.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.American Eagle Outfitters's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.29) EPS. As a group, analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.1%. American Eagle Outfitters's payout ratio is presently 30.86%.

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.

Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters, Inc. (NYSE:AEO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source