Ieq Capital LLC Makes New Investment in American Eagle Outfitters, Inc. $AEO

Key Points

• Ieq Capital initiated a position in American Eagle Outfitters during the second quarter, purchasing 78,357 shares valued at approximately $1.35 million. Institutional investors collectively own 97.33% of the company.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $20.09; recent firms lowered targets to between $16 and $18.
• American Eagle reported quarterly EPS of $0.14, topping estimates, while revenue rose 9.7% year over year to $1.20 billion. The company also paid a quarterly dividend of $0.125 per share, implying a 2.9% annualized yield.

Ieq Capital LLC bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 78,357 shares of the apparel retailer's stock, valued at approximately $1,348,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer's stock worth $49,000 after purchasing an additional 447 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in American Eagle Outfitters by 2.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer's stock valued at $669,000 after purchasing an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in American Eagle Outfitters by 31.9% during the 1st 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Eagle Outfitters by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer's stock worth $989,000 after purchasing an additional 731 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of American Eagle Outfitters by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer's stock worth $655,000 after buying an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

Wall Street Analysts Forecast Growth

AEO has been the subject of several recent analyst reports. Bank of America reissued an "underperform" rating and issued a $16.00 price target on shares of American Eagle Outfitters in a report on Friday, August 14th. Citigroup cut their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, June 1st. UBS Group restated a "buy" rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. TD Cowen lowered their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating on the stock in a research note on Monday, May 18th. Finally, Barclays cut their price target on shares of American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Eagle Outfitters currently has an average rating of "Hold" and a consensus target price of $20.09.

Insider Transactions at American Eagle Outfitters

In other news, Director David M. Sable sold 5,779 shares of the company's stock in a transaction on Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the sale, the director directly owned 53,481 shares in the company, valued at $921,477.63. This represents a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The SEC filing for this sale provides additional information. Insiders sold a total of 11,563 shares of company stock valued at $196,599 over the last three months. 8.95% of the stock is currently owned by insiders.

American Eagle Outfitters Trading Up 4.8%

Shares of AEO opened at $17.54 on Thursday. 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 firm has a 50 day simple moving average of $17.17 and a 200-day simple moving average of $18.16. American Eagle Outfitters, Inc. has a 1-year low of $12.50 and a 1-year high of $28.46. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 3.65 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.American Eagle Outfitters's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters's 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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