Intech Investment Management LLC Raises Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Intech Investment Management LLC increased its stake in American Eagle Outfitters by 95.9%, owning 421,877 shares worth approximately $4.9 million as of its latest SEC filing.
• Institutional investors now hold 97.33% of the company's stock, with several others significantly increasing their positions during the first quarter of the year.
• American Eagle Outfitters reported a quarterly EPS of $0.45, beating analyst estimates, but its revenue declined by 0.6% year-over-year.

Intech Investment Management LLC increased its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 95.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 421,877 shares of the apparel retailer's stock after acquiring an additional 206,541 shares during the quarter. Intech Investment Management LLC owned about 0.24% of American Eagle Outfitters worth $4,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Junto Capital Management LP acquired a new position in shares of American Eagle Outfitters in the 1st quarter worth approximately $38,588,000. Millennium Management LLC lifted its holdings in American Eagle Outfitters by 1,510.1% in the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after buying an additional 2,353,225 shares during the period. Cooke & Bieler LP lifted its holdings in American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock valued at $90,534,000 after buying an additional 1,794,203 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in American Eagle Outfitters in the first quarter valued at $18,927,000. Finally, Nuveen LLC acquired a new position in American Eagle Outfitters in the first quarter valued at $18,140,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In other news, Director Janice E. Page sold 26,869 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the sale, the director directly owned 90,383 shares of the company's stock, valued at $1,630,509.32. This trade represents a 22.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 54,950 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the sale, the insider directly owned 221,107 shares of the company's stock, valued at approximately $4,010,880.98. This represents a 19.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,821 shares of company stock valued at $2,465,436 in the last ninety days. Insiders own 8.70% of the company's stock.

American Eagle Outfitters Stock Down 1.1%

Shares of AEO traded down $0.22 during trading hours on Thursday, reaching $19.67. 5,374,427 shares of the stock traded hands, compared to its average volume of 9,558,506. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $13.31 and a 200 day simple moving average of $11.76. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.63. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 18.92 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 10th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 10th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 48.08%.

Analyst Ratings Changes

AEO has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on American Eagle Outfitters from $19.00 to $21.50 and gave the company a "buy" rating in a research note on Thursday, September 4th. Bank of America reissued an "underperform" rating and issued a $10.00 price target (down from $11.00) on shares of American Eagle Outfitters in a research note on Monday, August 25th. Morgan Stanley boosted their price target on American Eagle Outfitters from $10.00 to $17.00 and gave the company an "equal weight" rating in a research note on Thursday. Citigroup boosted their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Finally, Wall Street Zen upgraded shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $14.72.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.