250,136 Shares in American Eagle Outfitters, Inc. $AEO Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC acquired 250,136 American Eagle Outfitters shares worth approximately $4.3 million, giving it a 0.15% stake. Institutional investors collectively own 97.33% of the company.
• Analysts remain cautious, with a consensus “Hold” rating and a $20.09 price target; twelve analysts rate the stock Hold, compared with two Buys and one Sell.
• American Eagle shares opened at $16.00, down 4.0%, despite the company beating quarterly earnings and revenue estimates. The retailer also maintains a quarterly dividend of $0.125, equivalent to a 3.1% annual yield.

Great Lakes Advisors LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 250,136 shares of the apparel retailer's stock, valued at approximately $4,302,000. Great Lakes Advisors LLC owned 0.15% of American Eagle Outfitters as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in American Eagle Outfitters during the 2nd quarter valued at about $458,632,000. Vanguard Group Inc. raised its holdings in shares of American Eagle Outfitters by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer's stock worth $485,166,000 after buying an additional 249,158 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Eagle Outfitters by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer's stock worth $154,663,000 after buying an additional 509,326 shares during the period. State Street Corp lifted its stake in shares of American Eagle Outfitters by 0.6% during the 4th quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer's stock worth $174,210,000 after acquiring an additional 39,334 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the last quarter. Institutional investors own 97.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Telsey Advisory Group cut their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday. Citigroup lowered their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, June 1st. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a report on Monday, June 1st. Finally, Barclays reduced their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, May 29th. Two equities research analysts have 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.09.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of the firm'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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by corporate insiders.

American Eagle Outfitters Stock Down 4.0%

Shares of NYSE AEO opened at $16.00 on Friday. American Eagle Outfitters, Inc. has a 12-month low of $12.05 and a 12-month high of $28.46. The stock's fifty day simple moving average is $17.26 and its two-hundred day simple moving average is $18.36. The stock has a market capitalization of $2.68 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 3.64 and a beta of 1.32. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm 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%.The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.29) EPS. As a group, analysts expect that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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

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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