American Eagle Outfitters, Inc. $AEO Shares Acquired by CenterBook Partners LP

CenterBook Partners LP increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 1,120.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 622,116 shares of the apparel retailer’s stock after purchasing an additional 571,161 shares during the period. CenterBook Partners LP owned approximately 0.37% of American Eagle Outfitters worth $11,061,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AEO. Commonwealth Equity Services LLC lifted its position in shares of American Eagle Outfitters by 5.1% in the third quarter. Commonwealth Equity Services LLC now owns 16,848 shares of the apparel retailer’s stock worth $300,000 after buying an additional 819 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $459,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of American Eagle Outfitters by 588.1% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 121,100 shares of the apparel retailer’s stock valued at $2,153,000 after acquiring an additional 103,500 shares during the last quarter. Mascoma Wealth Management LLC bought a new position in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $44,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of American Eagle Outfitters in the 3rd quarter valued at approximately $187,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Spiegel sold 3,617 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total value of $63,948.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cary D. Mcmillan sold 3,617 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $18.20, for a total value of $65,829.40. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE:AEO traded down $0.44 during trading hours on Friday, hitting $19.93. 4,674,044 shares of the company traded hands, compared to its average volume of 4,484,303. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 4.51 and a beta of 1.34. American Eagle Outfitters, Inc. has a twelve month low of $14.10 and a twelve month high of $28.46. The firm has a 50-day moving average of $17.50 and a 200 day moving average of $18.33. The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.57. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. On average, analysts forecast that American Eagle Outfitters, Inc. will post 2.24 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Friday, October 9th were paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, October 9th. American Eagle Outfitters’s payout ratio is currently 25.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Telsey Advisory Group reduced their target price on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, September 10th. Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Finally, Wolfe Research began coverage on shares of American Eagle Outfitters in a research note on Wednesday, October 21st. They issued a “peer perform” rating for the company. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $19.55.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc is a specialty retailer that designs, markets and sells apparel, accessories and personal-care products. The company serves teens and young adults through its American Eagle brand, which offers casual clothing including jeans, tops, outerwear, underwear and related accessories.

American Eagle Outfitters also operates Aerie, a lifestyle brand focused on intimates, activewear, swimwear, loungewear and apparel, as well as OFFLINE by Aerie, which emphasizes active and leisure clothing.