Corient Private Wealth LP Takes $2.82 Million Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Corient Private Wealth LP acquired 163,971 shares of American Eagle Outfitters worth approximately $2.82 million, while institutional investors collectively own 97.33% of the company.
• American Eagle reported quarterly earnings of $0.79 per share, far exceeding the $0.22 consensus estimate, while revenue rose 7.5% year over year to $1.38 billion.
• The company declared a quarterly dividend of $0.125 per share, equivalent to an annualized yield of 3.2%. Analysts maintain a generally “Hold” view, with an average price target of $19.36 versus the stock’s reported price of $15.47.

Corient Private Wealth LP bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 163,971 shares of the apparel retailer's stock, valued at approximately $2,820,000. Corient Private Wealth LP owned 0.10% of American Eagle Outfitters as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of American Eagle Outfitters in the 2nd quarter worth about $303,000. Nykredit A S acquired a new position in American Eagle Outfitters during the 2nd quarter valued at about $46,023,000. Legacy Financial Advisors Inc. bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $347,000. BTG Pactual Asset Management US LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $201,000. Finally, Hsbc Holdings PLC raised its stake in shares of American Eagle Outfitters by 79.1% in the second quarter. Hsbc Holdings PLC now owns 85,310 shares of the apparel retailer's stock worth $1,456,000 after purchasing an additional 37,670 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEO. JPMorgan Chase & Co. upped their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Tuesday, August 18th. Bank of America restated an "underperform" rating and set a $16.00 price objective on shares of American Eagle Outfitters in a research note on Friday, August 14th. Zacks Research raised shares of American Eagle Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 9th. Telsey Advisory Group reduced their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a "market perform" rating for the company in a research note on Thursday, September 10th. Finally, Barclays lowered their target price on shares of American Eagle Outfitters from $17.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, American Eagle Outfitters has an average rating of "Hold" and an average target price of $19.36.

American Eagle Outfitters Trading Up 2.7%

NYSE:AEO opened at $15.47 on Tuesday. American Eagle Outfitters, Inc. has a 1 year low of $14.06 and a 1 year high of $28.46. The stock's fifty day moving average price is $16.77 and its two-hundred day moving average price is $17.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62. The company has a market cap of $2.59 billion, a P/E ratio of 7.89, a P/E/G ratio of 3.55 and a beta of 1.33.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, analysts expect that American Eagle Outfitters, Inc. will post 2.17 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, October 9th. American Eagle Outfitters's dividend payout ratio (DPR) is 25.51%.

Insider Activity

In other American Eagle Outfitters news, Director Noel Spiegel sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were 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 through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the firm's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by company insiders.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc NYSE: AEO is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company's principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.

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