Caxton Associates LLP Makes New $857,000 Investment in American Eagle Outfitters, Inc. $AEO

Key Points

• Caxton Associates LLP made a new investment in American Eagle Outfitters, Inc., acquiring 73,768 shares valued at approximately $857,000 in the first quarter.
• Multiple analysts have recently set revised target prices for American Eagle Outfitters, with estimates ranging from $9.00 to $18.00, reflecting differing expectations about the company's performance.
• Insiders sold a total of 130,821 shares of American Eagle Outfitters stock recently, indicating significant selling activity among company executives.

Caxton Associates LLP purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,768 shares of the apparel retailer's stock, valued at approximately $857,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Junto Capital Management LP bought a new stake in shares of American Eagle Outfitters during the 1st quarter valued at $38,588,000. Millennium Management LLC lifted its position in American Eagle Outfitters by 1,510.1% during the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after acquiring an additional 2,353,225 shares during the period. Cooke & Bieler LP boosted its stake in American Eagle Outfitters by 29.9% during the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after acquiring an additional 1,794,203 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in American Eagle Outfitters in the first quarter worth about $18,927,000. Finally, Nuveen LLC purchased a new stake in American Eagle Outfitters in the first quarter worth about $18,140,000. Institutional investors own 97.33% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays boosted their price target on American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a research report on Thursday, September 4th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 target price on shares of American Eagle Outfitters in a research note on Monday, July 28th. UBS Group raised their price target on American Eagle Outfitters from $19.00 to $21.50 and gave the company a "buy" rating in a report on Thursday, September 4th. Jefferies Financial Group upped their price target on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Thursday, September 4th. Finally, Zacks Research raised shares of American Eagle Outfitters to a "hold" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $13.94.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 9,002 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $724,800.00. 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 three months. Corporate insiders own 8.70% of the company's stock.

American Eagle Outfitters Stock Performance

NYSE:AEO traded down $1.24 during mid-day trading on Friday, reaching $18.37. The company's stock had a trading volume of 9,933,549 shares, compared to its average volume of 17,510,228. 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 market cap of $3.11 billion, a P/E ratio of 17.67 and a beta of 1.45. The firm's fifty day moving average price is $12.72 and its two-hundred day moving average price is $11.62. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.63.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly 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 firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The company's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

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.