Legal & General Group Plc Takes Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Legal & General Group Plc acquired 388,020 American Eagle Outfitters shares in the second quarter, valued at approximately $6.67 million and representing a 0.23% stake. Institutional investors collectively own 97.33% of the company.
• Analysts maintain a largely cautious view, with 12 Hold ratings, two Buy ratings and one Sell rating; the consensus target price is $20.09 versus a recent share price of $16.70.
• American Eagle’s quarterly dividend is $0.125 per share, or $0.50 annualized, yielding about 3.0%. Insiders have sold 11,563 shares worth roughly $196,599 over the past 90 days.

Legal & General Group Plc bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 388,020 shares of the apparel retailer's stock, valued at approximately $6,674,000. Legal & General Group Plc owned 0.23% of American Eagle Outfitters as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer's stock worth $49,000 after acquiring an additional 447 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of American Eagle Outfitters by 2.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer's stock valued at $669,000 after acquiring an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 boosted 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 increased its holdings in American Eagle Outfitters by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer's stock valued at $655,000 after purchasing an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of recent research reports. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a research note on Monday, June 1st. Citigroup lowered their target price on American Eagle Outfitters from $24.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, June 1st. JPMorgan Chase & Co. raised their target price on American Eagle Outfitters from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, August 18th. TD Cowen reduced their price target on American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. Finally, William Blair restated a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.09.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $16.70 on Thursday. American Eagle Outfitters, Inc. has a 12-month low of $13.35 and a 12-month high of $28.46. 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 company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 3.62 and a beta of 1.33. The firm's fifty day moving average price is $17.04 and its 200 day moving average price is $17.91.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters's payout ratio is presently 30.86%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction that occurred 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 owned 53,481 shares in the company, valued at $921,477.63. This represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,563 shares of company stock valued at $196,599. 8.95% of the stock is currently owned by insiders.

About American Eagle Outfitters

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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