Canada Pension Plan Investment Board purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 437,100 shares of the apparel retailer's stock, valued at approximately $7,518,000. Canada Pension Plan Investment Board owned 0.26% of American Eagle Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $25,000. Kemnay Advisory Services Inc. acquired a new position in American Eagle Outfitters during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new position in American Eagle Outfitters during the 4th quarter valued at about $32,000. Raymond James Financial Inc. bought a new position in American Eagle Outfitters in the 2nd quarter worth about $35,000. Finally, Allworth Financial LP bought a new position in American Eagle Outfitters in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 97.33% of the company's stock.
American Eagle Outfitters Stock Up 1.3%
American Eagle Outfitters stock opened at $16.90 on Friday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 3.68 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. The company's 50-day moving average price is $17.12 and its two-hundred day moving average price is $18.10. American Eagle Outfitters, Inc. has a 52 week low of $12.60 and a 52 week high of $28.46.
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 analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. American Eagle Outfitters's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.29) EPS. On average, 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. Investors of record on Friday, July 10th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters's payout ratio is presently 30.86%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on AEO shares. Weiss Ratings lowered shares of American Eagle Outfitters from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 1st. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a report on Monday, June 1st. William Blair restated a "buy" rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Bank of America reaffirmed an "underperform" rating and set a $16.00 target price on shares of American Eagle Outfitters in a research note on Friday, August 14th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $18.00 price target on shares of American Eagle Outfitters in a research report on Monday, July 6th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.09.
Check Out Our Latest Analysis on American Eagle Outfitters
Insider Buying and Selling
In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director owned 53,481 shares in the company, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock valued at $196,599 over the last quarter. Corporate insiders own 8.95% of the company's stock.
About American Eagle Outfitters
(
Free Report)
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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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).
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