Investors Research Corp Raises Stock Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Investors Research Corp increased its stake in American Eagle Outfitters by 33.6%, acquiring an additional 15,125 shares, bringing its total holdings to 60,114 shares valued at approximately $578,000.
• Directors of American Eagle Outfitters have sold significant amounts of stock recently, with Director Janice E. Page selling 26,869 shares and Director David M. Sable selling 5,000 shares, indicating insider trading activity amid a broader market backdrop.
• Analyst ratings for American Eagle Outfitters vary, with Zacks Research upgrading the stock to a "hold" rating and UBS Group raising its target price from $19.00 to $21.50, while others suggest a "reduce" consensus rating.

Investors Research Corp lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 33.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,114 shares of the apparel retailer's stock after acquiring an additional 15,125 shares during the quarter. Investors Research Corp's holdings in American Eagle Outfitters were worth $578,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AEO. GAMMA Investing LLC increased its position in shares of American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of American Eagle Outfitters by 38.7% during the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock valued at $48,000 after purchasing an additional 1,165 shares in the last quarter. State of Wyoming bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $49,000. AlphaQuest LLC boosted its stake in shares of American Eagle Outfitters by 654,400.0% during the first quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer's stock valued at $76,000 after purchasing an additional 6,544 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of American Eagle Outfitters during the first quarter valued at approximately $131,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Down 4.9%

AEO traded down $0.97 during trading on Friday, hitting $18.75. The stock had a trading volume of 4,121,633 shares, compared to its average volume of 9,557,268. The stock has a 50 day simple moving average of $13.50 and a two-hundred day simple moving average of $11.81. The company has a market capitalization of $3.18 billion, a PE ratio of 18.12 and a beta of 1.45. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve 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.

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

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th will be issued 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 2.7%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 48.08%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director David M. Sable sold 5,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the completion of the transaction, the director owned 48,640 shares of the company's stock, valued at approximately $934,860.80. This trade represents a 9.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Janice E. Page sold 26,869 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the transaction, the director directly owned 90,383 shares of the company's stock, valued at approximately $1,630,509.32. This represents a 22.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,821 shares of company stock valued at $2,465,436. Corporate insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AEO. Citigroup increased their price objective on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, September 4th. Cfra Research downgraded shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. UBS Group increased their price objective on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the company a "buy" rating in a research note on Thursday, September 4th. Jefferies Financial Group increased their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a "hold" rating in a research note on Thursday, September 4th. Finally, Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a "market perform" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus 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.