74,598 Shares in American Eagle Outfitters, Inc. $AEO Bought by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC purchased 74,598 shares of American Eagle Outfitters in the second quarter, valued at approximately $1.28 million. Institutional investors and hedge funds collectively own 97.33% of the company.
• Analysts remain broadly cautious, with a consensus “Hold” rating and a $20.40 price target; two analysts rate the stock Buy, eleven Hold, and one Sell.
• American Eagle shares opened at $17.36, while the company recently paid a quarterly dividend of $0.125 per share, equivalent to an annualized $0.50 dividend and a 2.9% yield.

Jupiter Topco LLC purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 74,598 shares of the apparel retailer's stock, valued at approximately $1,283,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Plato Investment Management Ltd purchased a new position in American Eagle Outfitters during the 2nd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $35,000. Finally, Allworth Financial LP purchased a new position in shares of American Eagle Outfitters during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Insider Activity at American Eagle Outfitters

In other news, Director Noel Spiegel sold 2,892 shares of the firm's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Cary McMillan sold 2,892 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,563 shares of company stock valued at $196,599. Company insiders own 8.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup decreased their price target 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 American Eagle Outfitters in a research report on Monday, June 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Eagle Outfitters in a research report on Thursday, August 27th. Wall Street Zen upgraded American Eagle Outfitters from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on American Eagle Outfitters from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $20.40.

American Eagle Outfitters Stock Up 2.1%

AEO opened at $17.36 on Friday. The firm has a market cap of $2.91 billion, a P/E ratio of 10.72, a PEG ratio of 3.71 and a beta of 1.33. The business's fifty day simple moving average is $17.01 and its 200 day simple moving average is $17.84. American Eagle Outfitters, Inc. has a 52 week low of $14.06 and a 52 week high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters's payout ratio is currently 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.

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