Man Group plc Acquires New Shares in American Eagle Outfitters, Inc. $AEO

Key Points

• Man Group plc acquired 309,044 shares of American Eagle Outfitters in the second quarter, valued at approximately $5.3 million and representing about 0.18% of the company. Institutional investors collectively own 97.33% of AEO.
• Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating and an average price target of $20.09. Ratings include two Buys, twelve Holds, and one Sell.
• American Eagle reported quarterly EPS of $0.14, exceeding estimates of $0.11, while revenue rose 9.7% year over year to $1.20 billion. The company also maintains a quarterly dividend of $0.125, equivalent to a 3.0% annualized yield.

Man Group plc acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 309,044 shares of the apparel retailer's stock, valued at approximately $5,316,000. Man Group plc owned approximately 0.18% of American Eagle Outfitters at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AEO. Plato Investment Management Ltd bought a new stake in shares of American Eagle Outfitters during the 2nd quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at approximately $31,000. Aster Capital Management DIFC Ltd bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $35,000. Finally, Allworth Financial LP acquired a new stake in American Eagle Outfitters in the 2nd quarter worth approximately $36,000. 97.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on AEO. Bank of America reiterated an "underperform" rating and set a $16.00 price target on shares of American Eagle Outfitters in a report on Friday, August 14th. UBS Group reaffirmed a "buy" rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Telsey Advisory Group lowered their target price on shares of American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating on the stock in a research note on Friday, May 29th. Wall Street Zen downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, JPMorgan Chase & Co. increased their price objective on American Eagle Outfitters from $19.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.09.

American Eagle Outfitters Stock Up 0.2%

NYSE AEO opened at $16.90 on Monday. The stock's 50 day moving average is $17.12 and its two-hundred day moving average is $18.06. American Eagle Outfitters, Inc. has a 1-year low of $12.60 and a 1-year high of $28.46. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 3.68 and a beta of 1.32. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $1.20 billion during 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%.The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.29) earnings per share. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 30.86%.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David M. Sable sold 5,779 shares of the firm's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director directly owned 53,481 shares of the company's stock, valued at approximately $921,477.63. This represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,563 shares of company stock valued at $196,599. Insiders own 8.95% of the company's stock.

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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