Gallacher Capital Management LLC Takes $469,000 Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Gallacher Capital Management LLC has acquired a new position in American Eagle Outfitters, purchasing 48,764 shares valued at approximately $469,000.
• Institutional investors, including GAMMA Investing LLC and Asset Management One Co. Ltd., have significantly increased their stakes in American Eagle, indicating strong interest in the company's stock.
• Despite the stock being rated with a mix of "Buy," "Hold," and "Sell" ratings by analysts, it currently holds an average target price of $13.94 with a recent quarterly EPS of $0.45, surpassing expectations.

Gallacher Capital Management LLC purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 48,764 shares of the apparel retailer's stock, valued at approximately $469,000.

Several other hedge funds also recently bought and sold shares of AEO. Junto Capital Management LP purchased a new position in American Eagle Outfitters during the first quarter valued at approximately $38,588,000. Cooke & Bieler LP grew its stake in American Eagle Outfitters by 29.9% during the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock valued at $90,534,000 after acquiring an additional 1,794,203 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in American Eagle Outfitters in the 1st quarter worth approximately $18,927,000. Nuveen LLC purchased a new position in American Eagle Outfitters in the 1st quarter worth approximately $18,140,000. Finally, Voloridge Investment Management LLC purchased a new position in American Eagle Outfitters in the 4th quarter worth approximately $17,558,000. Hedge funds and other institutional investors own 97.33% of the company's stock.

Insider Activity at American Eagle Outfitters

In related news, Director David M. Sable sold 5,000 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the sale, the director directly owned 48,640 shares of the company's stock, valued at approximately $934,860.80. This represents a 9.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 9,002 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The disclosure for this sale can be found here. Insiders sold a total of 135,821 shares of company stock worth $2,465,436 in the last ninety days. 8.70% of the stock is currently owned by company insiders.

American Eagle Outfitters Trading Down 4.3%

NYSE:AEO traded down $0.85 during midday trading on Friday, reaching $18.87. 11,335,539 shares of the stock traded hands, compared to its average volume of 17,952,220. The company has a fifty day moving average of $13.68 and a 200 day moving average of $11.86. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. The stock has a market capitalization of $3.20 billion, a P/E ratio of 18.14 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.39 EPS. The firm's revenue was down .6% compared to the same quarter last year. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.6%. American Eagle Outfitters's dividend payout ratio is currently 48.08%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cfra Research cut shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. Telsey Advisory Group boosted their price target on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research note on Thursday, September 4th. Citigroup boosted their price target on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. UBS Group boosted their price target on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Finally, Morgan Stanley upped their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the company an "equal weight" rating in a research note on Thursday. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $14.72.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.