Nykredit A S Acquires New Shares in American Eagle Outfitters, Inc. $AEO

Key Points

• Nykredit A/S acquired 1.93 million shares of American Eagle Outfitters in the second quarter, valued at roughly $33.3 million and representing about 1.15% of the company. Institutional investors collectively own 97.33% of AEO.
• American Eagle reported quarterly EPS of $0.79 versus the $0.22 analyst consensus, while revenue rose 7.5% year over year to $1.38 billion. The company also declared a quarterly dividend of $0.125 per share, implying a 3.3% annualized yield.
• AEO shares opened at $15.04, near their one-year low of $14.06. Analysts maintain a consensus “Hold” rating with an average price target of $19.36, while recent insider activity showed net selling.

Nykredit A S purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,933,310 shares of the apparel retailer's stock, valued at approximately $33,253,000. Nykredit A S owned approximately 1.15% of American Eagle Outfitters as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $25,000. Allworth Financial LP purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at about $36,000. EverSource Wealth Advisors LLC lifted 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 acquiring an additional 694 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of American Eagle Outfitters during the second quarter worth $57,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of American Eagle Outfitters by 772.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,997 shares of the apparel retailer's stock valued at $69,000 after purchasing an additional 3,539 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Up 0.9%

American Eagle Outfitters stock opened at $15.04 on Friday. The company has a market cap of $2.52 billion, a P/E ratio of 7.67, a PEG ratio of 3.51 and a beta of 1.33. The firm's 50-day moving average is $16.78 and its 200-day moving average is $17.21. American Eagle Outfitters, Inc. has a 1 year low of $14.06 and a 1 year high of $28.46. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.57. American Eagle Outfitters had a return on equity of 23.63% and a net margin of 5.91%.The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 2.17 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid a $0.125 dividend. The ex-dividend date is Friday, October 9th. This represents a $0.50 annualized dividend and a dividend yield of 3.3%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 25.51%.

Insider Activity at American Eagle Outfitters

In other news, Director Noel Spiegel sold 2,892 shares of the company's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. 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 the business's stock in a transaction 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 directly owned 53,481 shares in the company, valued at $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock worth $196,599 over the last ninety days. 8.95% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AEO. UBS Group lowered their price target on shares of American Eagle Outfitters from $31.00 to $27.00 and set a "buy" rating for the company in a report on Thursday, September 10th. 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. lifted their target price on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. Barclays lowered their price objective on American Eagle Outfitters from $17.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, September 10th. Finally, Bank of America reissued an "underperform" rating and set a $16.00 price target on shares of American Eagle Outfitters in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.36.

About American Eagle Outfitters

American Eagle Outfitters, Inc NYSE: AEO is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company's principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.

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