Legacy Capital Group California Inc. Purchases New Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Key Points

• Legacy Capital Group California Inc. has invested $520,000 in American Eagle Outfitters, Inc., acquiring 44,709 shares in the first quarter.
• American Eagle Outfitters reported a quarterly earnings miss with an EPS of ($0.29), falling short of analysts' expectations of ($0.25), despite revenue of $1.09 billion.
• The company declared a quarterly dividend of $0.125 per share, resulting in an annualized dividend yield of 4.0% and a payout ratio of 51.02%.

Legacy Capital Group California Inc. purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,709 shares of the apparel retailer's stock, valued at approximately $520,000.

A number of other large investors have also added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in American Eagle Outfitters in the first quarter valued at $791,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Eagle Outfitters by 8.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,086 shares of the apparel retailer's stock valued at $663,000 after buying an additional 4,687 shares during the period. Legato Capital Management LLC grew its stake in shares of American Eagle Outfitters by 37.6% in the 1st quarter. Legato Capital Management LLC now owns 60,906 shares of the apparel retailer's stock valued at $708,000 after buying an additional 16,630 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of American Eagle Outfitters by 27.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 178,526 shares of the apparel retailer's stock valued at $2,074,000 after buying an additional 38,396 shares during the period. Finally, Cooke & Bieler LP lifted its position in American Eagle Outfitters by 29.9% in the 1st 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. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded down $0.07 during mid-day trading on Monday, reaching $12.37. The company's stock had a trading volume of 3,591,771 shares, compared to its average volume of 8,229,602. The firm's fifty day moving average price is $10.46 and its two-hundred day moving average price is $11.70. The company has a market capitalization of $2.14 billion, a P/E ratio of 12.64 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the firm posted $0.34 earnings per share. The firm's revenue was down 4.7% on a year-over-year basis. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, July 11th. American Eagle Outfitters's dividend payout ratio is presently 51.02%.

Analyst Ratings Changes

AEO has been the topic of several recent research reports. Barclays dropped their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters to $12.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Wall Street Zen cut shares of American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Cfra Research cut shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Morgan Stanley set a $10.00 target price on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $14.70.

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.