Caxton Associates LLP Takes $857,000 Position 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 bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 73,768 shares of the apparel retailer's stock, valued at approximately $857,000.

Several other hedge funds also recently made changes to their positions in AEO. GAMMA Investing LLC lifted its position in shares of American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 1,841 shares in the last quarter. State of Wyoming bought a new stake in American Eagle Outfitters during the 4th quarter worth about $49,000. Asset Management One Co. Ltd. boosted its stake in shares of 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 buying an additional 1,165 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of American Eagle Outfitters by 654,400.0% in the 1st quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 6,544 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at about $156,000. 97.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AEO. Bank of America reiterated an "underperform" rating and set a $10.00 target price (down previously from $11.00) on shares of American Eagle Outfitters in a report on Monday, August 25th. Cfra Research cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the company an "equal weight" rating in a report on Monday, June 2nd. Citigroup raised their target price on shares of 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, Barclays upped their price target on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $13.94.

American Eagle Outfitters Stock Performance

Shares of AEO stock traded up $0.28 during trading on Tuesday, reaching $19.91. 10,169,958 shares of the company's stock were exchanged, compared to its average volume of 17,625,164. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $22.63. The firm's fifty day moving average price is $13.11 and its 200-day moving average price is $11.70. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.37 billion, a PE ratio of 19.14 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business posted $0.39 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.5%. American Eagle Outfitters's payout ratio is 48.08%.

Insiders Place Their Bets

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 54,950 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the transaction, the insider directly owned 221,107 shares of the company's stock, valued at $4,010,880.98. This represents a 19.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David M. Sable sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $19.22, for a total value of $96,100.00. Following the sale, the director owned 48,640 shares of the company's stock, 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 worth $2,465,436 in the last 90 days. Corporate insiders own 8.70% of the company's stock.

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.