Corient Private Wealth LP Makes New Investment in American Eagle Outfitters, Inc. $AEO

Key Points

• Corient Private Wealth LP acquired 164,226 shares of American Eagle Outfitters during the second quarter, worth approximately $2.825 million and representing about 0.10% of the company. Other institutional investors also initiated positions, while institutions and hedge funds collectively own 97.33% of the stock.
• Wall Street’s consensus rating is “Hold”, with 12 analysts rating the stock Hold, two Buy, and one Sell; the average price target is $20.09.
• American Eagle opened at $16.61, near the lower end of its 52-week range, and recently paid a quarterly dividend of $0.125 per share, equating to a 3.0% annualized yield. Meanwhile, insiders sold 11,563 shares worth about $196,599 over the past three months.

Corient Private Wealth LP acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 164,226 shares of the apparel retailer's stock, valued at approximately $2,825,000. Corient Private Wealth LP owned approximately 0.10% of American Eagle Outfitters at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. 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 stake in American Eagle Outfitters during the 2nd quarter worth approximately $35,000. Finally, Allworth Financial LP bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $36,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEO has been the topic of a number of recent research reports. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a report on Monday, June 1st. UBS Group reiterated a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Weiss Ratings reissued a "hold (c)" rating on shares of American Eagle Outfitters in a research report on Thursday, August 27th. TD Cowen dropped their price objective on American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. Finally, William Blair reaffirmed a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of "Hold" and an average target price of $20.09.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $16.61 on Wednesday. American Eagle Outfitters, Inc. has a 52 week low of $12.60 and a 52 week high of $28.46. The company's 50 day moving average price is $17.08 and its two-hundred day moving average price is $17.96. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.78 billion, a P/E ratio of 10.25, a P/E/G ratio of 3.63 and a beta of 1.33.

American Eagle Outfitters Announces Dividend

The firm also recently declared 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. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters's dividend payout ratio (DPR) is 30.86%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Sable sold 5,779 shares of the company's 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 completion of the transaction, the director owned 53,481 shares of the company's stock, valued at $921,477.63. This trade represents a 9.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by company insiders.

About American Eagle Outfitters

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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