Voya Investment Management LLC Purchases 32,305 Shares of American Eagle Outfitters, Inc. $AEO

Key Points

• Voya Investment Management LLC increased its stake in American Eagle Outfitters by 29.4%, acquiring an additional 32,305 shares, resulting in ownership of 142,328 shares valued at approximately $1.65 million.
• American Eagle Outfitters reported an EPS of $0.45 for the most recent quarter, surpassing analysts' estimates of $0.20, with quarterly revenue of $1.28 billion.
• The company announced a dividend of $0.125 per share, with a yield of 2.8%, to be paid on October 29, 2023.

Voya Investment Management LLC increased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 29.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,328 shares of the apparel retailer's stock after acquiring an additional 32,305 shares during the period. Voya Investment Management LLC owned about 0.08% of American Eagle Outfitters worth $1,654,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AEO. Wealth Enhancement Advisory Services LLC grew its position in American Eagle Outfitters by 319.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer's stock worth $518,000 after buying an additional 33,938 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of American Eagle Outfitters by 380.4% in the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after acquiring an additional 1,841 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of American Eagle Outfitters by 0.7% in the 1st quarter. Rhumbline Advisers now owns 528,510 shares of the apparel retailer's stock valued at $6,141,000 after acquiring an additional 3,631 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of American Eagle Outfitters in the 1st quarter valued at $440,000. Finally, Asset Management One Co. Ltd. raised its position 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 worth $48,000 after purchasing an additional 1,165 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Trading Down 4.7%

NYSE:AEO opened at $17.99 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.05 billion, a PE ratio of 17.30 and a beta of 1.44. The firm's 50 day moving average is $13.84 and its 200 day moving average is $11.89. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.63.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. American Eagle Outfitters's revenue was down .6% on a year-over-year basis. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

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

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 9,002 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Noel Joseph Spiegel sold 40,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.12, for a total transaction of $724,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,821 shares of company stock worth $2,465,436. Company insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

AEO has been the subject of several analyst reports. UBS Group raised their target price on American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Morgan Stanley raised their target price on American Eagle Outfitters from $10.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 18th. Telsey Advisory Group raised their target price on American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research report on Thursday, September 4th. Citigroup increased their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 4th. Finally, Cfra Research downgraded American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. One equities research 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. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $14.72.

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.

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