Kapitalo Investimentos Ltda Invests $154,000 in American Eagle Outfitters, Inc. $AEO

Key Points

• Kapitalo Investimentos Ltda has acquired a new position in American Eagle Outfitters, Inc., purchasing 15,977 shares valued at approximately $154,000 in the 2nd quarter.
• Several other hedge funds have also increased their holdings in AEO, with institutional investors and hedge funds now owning 97.33% of the company's stock.
• American Eagle Outfitters recently declared a quarterly dividend of $0.125 per share, representing an annualized yield of 2.6%, with a payout ratio of 48.08%.

Kapitalo Investimentos Ltda bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,977 shares of the apparel retailer's stock, valued at approximately $154,000.

A number of other institutional investors have also recently bought and sold shares of AEO. NFJ Investment Group LLC increased its stake in American Eagle Outfitters by 0.7% in the first quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer's stock valued at $1,384,000 after acquiring an additional 845 shares during the period. Asset Management One Co. Ltd. lifted its holdings in American Eagle Outfitters by 38.7% during the 1st 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 during the last quarter. Empowered Funds LLC boosted its position in American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer's stock valued at $185,000 after buying an additional 1,398 shares in the last quarter. ABLE Financial Group LLC grew its stake in American Eagle Outfitters by 7.0% during the fourth quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer's stock worth $404,000 after buying an additional 1,587 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 1,841 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Insider Activity

In related news, insider Jennifer M. Foyle sold 54,950 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the transaction, the insider directly owned 221,107 shares of the company's stock, valued at approximately $4,010,880.98. This represents a 19.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janice E. Page sold 26,869 shares of American Eagle Outfitters stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.04, for a total value of $484,716.76. Following the completion of the sale, the director directly owned 90,383 shares in the company, valued at $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 ninety days, insiders sold 135,821 shares of company stock worth $2,465,436. Corporate insiders own 8.70% of the company's stock.

American Eagle Outfitters Trading Down 4.7%

Shares of AEO stock traded down $0.88 on Monday, reaching $17.99. The company had a trading volume of 12,074,072 shares, compared to its average volume of 18,158,872. The company has a 50-day moving average of $13.84 and a 200-day moving average of $11.89. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.63. The stock has a market cap of $3.05 billion, a PE ratio of 17.30 and a beta of 1.44. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 10th. American Eagle Outfitters's payout ratio is 48.08%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AEO shares. Morgan Stanley increased their price target on American Eagle Outfitters from $10.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Thursday. BTIG Research began coverage on American Eagle Outfitters in a research note on Thursday. They issued a "neutral" rating for the company. Zacks Research raised shares of American Eagle Outfitters to a "hold" rating in a report on Monday, August 11th. Barclays boosted their target price on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a research note on Thursday, September 4th. Finally, UBS Group raised their price target on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the company a "buy" rating in a report on Thursday, September 4th. One investment 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. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of "Reduce" and a consensus target price of $14.72.

About American Eagle Outfitters

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.