678,630 Shares in American Eagle Outfitters, Inc. $AEO Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 678,630 shares of the apparel retailer’s stock, valued at approximately $11,672,000.

A number of other large investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter worth approximately $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new stake in American Eagle Outfitters in the fourth quarter worth $32,000. Raymond James Financial Inc. bought a new stake in American Eagle Outfitters in the second quarter worth $35,000. Finally, Allworth Financial LP purchased a new stake in American Eagle Outfitters during the second quarter valued at $36,000. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Cowen lowered their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a report on Monday, June 1st. UBS Group reissued a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $20.09.

American Eagle Outfitters Stock Up 1.3%

Shares of NYSE AEO opened at $16.90 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The firm 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 stock has a 50 day moving average price of $17.12 and a 200 day moving average price of $18.10. American Eagle Outfitters, Inc. has a 52-week low of $12.60 and a 52-week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.American Eagle Outfitters’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted ($0.29) EPS. Sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the sale, the director owned 53,481 shares of the company’s stock, valued at $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,563 shares of company stock worth $196,599. Company 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.