Ieq Capital LLC Purchases Shares of 78,357 American Eagle Outfitters, Inc. $AEO

Ieq Capital LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, HoldingsChannel reports. The institutional investor purchased 78,357 shares of the apparel retailer’s stock, valued at approximately $1,348,000.

Several other hedge funds have also made changes to their positions in AEO. Quadrant Capital Group LLC grew 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 valued at $49,000 after purchasing an additional 447 shares during the period. Los Angeles Capital Management LLC lifted its position in American Eagle Outfitters by 2.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock worth $669,000 after buying an additional 510 shares during the period. EverSource Wealth Advisors LLC boosted its stake in American Eagle Outfitters by 31.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after buying an additional 694 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Eagle Outfitters by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock worth $989,000 after buying an additional 731 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew 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 buying an additional 734 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director directly owned 53,481 shares of the company’s stock, valued at $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The SEC filing for this sale provides additional information. In the last three months, insiders sold 11,563 shares of company stock worth $196,599. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

AEO opened at $17.54 on Thursday. American Eagle Outfitters, Inc. has a 52-week low of $12.50 and a 52-week high of $28.46. The company has a 50 day moving average of $17.17 and a two-hundred day moving average of $18.16. The company has a market cap of $2.94 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.65 and a beta of 1.32. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.29) EPS. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AEO. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. The Goldman Sachs Group set a $22.00 target price on shares of American Eagle Outfitters in a report on Monday, June 1st. Telsey Advisory Group dropped their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. TD Cowen cut their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.09.

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.