American Eagle Outfitters, Inc. $AEO Shares Acquired by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in American Eagle Outfitters by 41.7%, owning 2,307,326 shares worth approximately $22.2 million at the end of the latest quarter.
• American Eagle's stock has seen varied analyst opinions; with UBS Group raising their price target to $21.50, while Bank of America downgraded their price objective to $10.00.
• American Eagle Outfitters recently announced a quarterly dividend of $0.125 per share, representing an annualized dividend yield of 3.0%.

Vaughan Nelson Investment Management L.P. increased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 41.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,307,326 shares of the apparel retailer's stock after acquiring an additional 678,536 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.33% of American Eagle Outfitters worth $22,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in American Eagle Outfitters by 38.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after acquiring an additional 1,165 shares in the last quarter. AlphaQuest LLC raised its stake in American Eagle Outfitters by 654,400.0% during the 1st quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer's stock worth $76,000 after acquiring an additional 6,544 shares in the last quarter. Merit Financial Group LLC acquired a new stake in American Eagle Outfitters during the 1st quarter worth $131,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Eagle Outfitters during the 1st quarter worth $135,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Bank of America restated an "underperform" rating and issued a $10.00 price objective (down from $11.00) on shares of American Eagle Outfitters in a research note on Monday, August 25th. Jefferies Financial Group lifted their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a "hold" rating in a research note on Thursday, September 4th. BTIG Research assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, September 18th. They issued a "neutral" rating on the stock. Finally, Barclays lifted their price objective on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the company an "underweight" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $14.72.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 40,000 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.12, for a total transaction of $724,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David M. Sable sold 5,000 shares of the business's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $19.22, for a total transaction of $96,100.00. Following the sale, the director directly owned 48,640 shares in the company, valued at approximately $934,860.80. This represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,821 shares of company stock valued at $2,465,436 in the last quarter. Insiders own 8.70% of the company's stock.

American Eagle Outfitters Stock Down 0.2%

Shares of NYSE:AEO opened at $16.92 on Friday. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 16.27 and a beta of 1.60. The firm's 50-day simple moving average is $15.09 and its 200-day simple moving average is $12.25. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $22.37.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.25. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. American Eagle Outfitters's payout ratio is presently 48.08%.

American Eagle Outfitters Company Profile

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.

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