Fulcrum Asset Management LLP Makes New Investment in American Eagle Outfitters, Inc. $AEO

Key Points

• Fulcrum Asset Management initiated a position in American Eagle Outfitters, buying 214,316 shares worth about $3.89 million, or roughly 0.13% of the company.
• Institutional investors collectively own 97.33% of AEO shares. Two company directors also sold 3,617 shares each in October.
• American Eagle beat quarterly earnings expectations, reporting $0.79 per share versus a $0.22 consensus, while analysts’ overall rating remains Hold with an average price target of $19.55.

Fulcrum Asset Management LLP purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 214,316 shares of the apparel retailer's stock, valued at approximately $3,888,000. Fulcrum Asset Management LLP owned approximately 0.13% 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 AEO. Nisa Investment Advisors LLC boosted its position in American Eagle Outfitters by 1.9% during the third quarter. Nisa Investment Advisors LLC now owns 36,790 shares of the apparel retailer's stock valued at $654,000 after purchasing an additional 684 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in American Eagle Outfitters by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 694 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in American Eagle Outfitters by 5.1% in the third quarter. Commonwealth Equity Services LLC now owns 16,848 shares of the apparel retailer's stock worth $300,000 after purchasing an additional 819 shares in the last quarter. Swiss National Bank lifted its position in shares of American Eagle Outfitters by 0.4% during the first quarter. Swiss National Bank now owns 318,600 shares of the apparel retailer's stock valued at $5,321,000 after buying an additional 1,400 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in shares of American Eagle Outfitters during the second quarter valued at about $25,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 3,617 shares of American Eagle Outfitters stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total transaction of $65,829.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Spiegel sold 3,617 shares of American Eagle Outfitters stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The SEC filing for this sale provides additional information. Company insiders own 8.95% of the company's stock.

American Eagle Outfitters Stock Performance

AEO opened at $21.71 on Tuesday. The company has a market cap of $3.64 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 4.87 and a beta of 1.34. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average price is $17.59 and its 200-day moving average price is $18.30. American Eagle Outfitters, Inc. has a 52-week low of $14.10 and a 52-week high of $28.46.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.57. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. American Eagle Outfitters's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 2.24 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th were issued a $0.1250 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.3%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 25.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AEO. UBS Group cut their price objective on shares of American Eagle Outfitters from $31.00 to $27.00 and set a "buy" rating on the stock in a research report on Thursday, September 10th. Wolfe Research started coverage on shares of American Eagle Outfitters in a research note on Wednesday, October 21st. They set a "peer perform" rating for the company. Wall Street Zen raised shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. Weiss Ratings upgraded shares of American Eagle Outfitters from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Finally, BMO Capital Markets raised their target price on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Tuesday, September 29th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and an average target price of $19.55.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc is a specialty retailer of apparel, accessories and personal-care products. Its American Eagle brand offers casual clothing, including denim, tops and accessories, while Aerie sells intimates, loungewear, swimwear and activewear. The company also operates OFFLINE by Aerie, a brand focused on activewear and apparel.

The company sells through its retail stores and online channels, serving customers primarily in the United States and Canada, with additional international reach through stores and other distribution arrangements.

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