44,026 Shares in American Eagle Outfitters, Inc. $AEO Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,026 shares of the apparel retailer’s stock, valued at approximately $753,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. lifted its holdings in shares of American Eagle Outfitters by 5.1% in the third quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after buying an additional 320,750 shares in the last quarter. Russell Investments Group Ltd. grew its stake in American Eagle Outfitters by 50.7% during the second quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock valued at $13,791,000 after acquiring an additional 482,534 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in American Eagle Outfitters during the third quarter valued at $23,395,000. Qube Research & Technologies Ltd increased its holdings in American Eagle Outfitters by 9.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock valued at $9,595,000 after acquiring an additional 86,241 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in American Eagle Outfitters by 37.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 862,000 shares of the apparel retailer’s stock valued at $8,292,000 after acquiring an additional 233,357 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. Additional details regarding this sale are available in the official SEC disclosure. 8.70% of the stock is owned by company insiders.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $17.57 on Friday. The firm has a fifty day simple moving average of $24.02 and a two-hundred day simple moving average of $20.81. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46. The company has a quick ratio of 0.71, a current ratio of 1.52 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.98 billion, a P/E ratio of 15.69, a PEG ratio of 1.30 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is 44.64%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank Of Canada set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. TD Cowen cut their price objective on American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Zacks Research cut American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Citigroup boosted their target price on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. Finally, JPMorgan Chase & Co. raised American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price target for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $21.75.

American Eagle Outfitters 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.