Engineers Gate Manager LP Sells 183,734 Shares of American Eagle Outfitters, Inc. $AEO

Key Points

• Engineers Gate Manager LP cut its American Eagle Outfitters stake by 77.7%, selling 183,734 shares and retaining 52,800 shares valued at approximately $908,000.
• Institutional ownership remains high at 97.33%, with BlackRock initiating a position worth about $458.6 million and Goldman Sachs increasing its holdings.
• American Eagle reported quarterly EPS of $0.79, well above the $0.22 analyst consensus, while revenue rose 7.5% year over year to $1.38 billion. Analysts maintain a consensus “Hold” rating with a $19.36 price target, and the company announced a quarterly dividend of $0.125 per share.

Engineers Gate Manager LP lowered its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 77.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 52,800 shares of the apparel retailer's stock after selling 183,734 shares during the period. Engineers Gate Manager LP's holdings in American Eagle Outfitters were worth $908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in American Eagle Outfitters in the 2nd quarter valued at $7,518,000. Goldman Sachs Group Inc. lifted its holdings in American Eagle Outfitters by 12.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer's stock valued at $158,231,000 after purchasing an additional 680,332 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in American Eagle Outfitters by 151,993.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer's stock worth $1,725,000 after purchasing an additional 65,357 shares during the period. NFJ Investment Group LLC bought a new position in American Eagle Outfitters during the second quarter worth $10,962,000. Finally, BlackRock Inc. bought a new position in shares of American Eagle Outfitters in the second quarter valued at about $458,632,000. Institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $15.04 on Friday. The firm's fifty day moving average price is $16.78 and its two-hundred day moving average price is $17.21. The stock has a market cap of $2.52 billion, a PE ratio of 7.67, a PEG ratio of 3.55 and a beta of 1.33. American Eagle Outfitters, Inc. has a fifty-two week low of $14.06 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59.

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

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, October 9th. This represents a $0.50 annualized dividend and a yield of 3.3%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 25.51%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary McMillan sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Noel Spiegel sold 2,892 shares of the company's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock worth $196,599 in the last ninety days. Company insiders own 8.95% of the company's stock.

Analyst Upgrades and Downgrades

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

About American Eagle Outfitters

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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