Empowered Funds LLC Purchases New Shares in American Eagle Outfitters, Inc. $AEO

Key Points

• Empowered Funds LLC acquired 678,630 shares of American Eagle Outfitters worth approximately $11.7 million, representing a 0.40% stake. Institutional investors collectively own 97.33% of the company.
• Analyst sentiment remains cautious: American Eagle has a consensus “Hold” rating and an average price target of $20.09, with several firms recently lowering their targets.
• The company exceeded quarterly earnings and revenue expectations, while its shares traded at $16.90 and offered a quarterly dividend of $0.125, equivalent to a roughly 3.0% annual yield.

Empowered Funds LLC acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 678,630 shares of the apparel retailer's stock, valued at approximately $11,672,000. Empowered Funds LLC owned 0.40% of American Eagle Outfitters at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at about $458,632,000. Vanguard Group Inc. boosted its position in American Eagle Outfitters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer's stock valued at $485,166,000 after acquiring an additional 249,158 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in American Eagle Outfitters by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer's stock valued at $154,663,000 after acquiring an additional 509,326 shares in the last quarter. State Street Corp grew its holdings in shares of American Eagle Outfitters by 0.6% during the 4th quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer's stock worth $174,210,000 after acquiring an additional 39,334 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the period. 97.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEO has been the subject of a number of research analyst reports. Telsey Advisory Group lowered their target price on American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating for the company in a research note on Friday, May 29th. Weiss Ratings cut American Eagle Outfitters from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 1st. Wall Street Zen downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. TD Cowen lowered their price objective on American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Monday, May 18th. Finally, William Blair restated 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of "Hold" and a consensus target price of $20.09.

Insider Buying and Selling

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction that occurred 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 90 days, insiders sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by corporate insiders.

American Eagle Outfitters Trading Up 1.3%

Shares of American Eagle Outfitters stock opened at $16.90 on Friday. The company's fifty day simple moving average is $17.12 and its 200-day simple moving average is $18.10. American Eagle Outfitters, Inc. has a 1-year low of $12.60 and a 1-year high of $28.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The stock has a market capitalization of $2.83 billion, a PE ratio of 10.43, a P/E/G ratio of 3.68 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued 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. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the business posted ($0.29) earnings per share. The business's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. American Eagle Outfitters's dividend payout ratio is 30.86%.

American Eagle Outfitters Company Profile

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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