571,161 American Eagle Outfitters, Inc. $AEO Shares Bought by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 1,120.9% during the third quarter, HoldingsChannel.com reports. The fund owned 622,116 shares of the apparel retailer’s stock after purchasing an additional 571,161 shares during the period. CenterBook Partners LP’s holdings in American Eagle Outfitters were worth $11,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AEO. Canada Pension Plan Investment Board bought a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $7,518,000. Bank of America Corp DE acquired a new position in shares of American Eagle Outfitters in the 2nd quarter worth approximately $9,336,000. Man Group plc bought a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $5,316,000. NFJ Investment Group LLC bought a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $10,962,000. Finally, Nykredit A S bought a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $33,253,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

NYSE AEO traded down $0.44 during trading hours on Friday, reaching $19.93. 4,674,044 shares of the company’s stock were exchanged, compared to its average volume of 4,484,303. The stock has a market cap of $3.34 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 4.51 and a beta of 1.34. American Eagle Outfitters, Inc. has a one year low of $14.10 and a one year high of $28.46. The firm has a fifty 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 data on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 23.63% and a net margin of 5.91%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. On average, equities research analysts predict that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th were given a $0.1250 dividend. 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 dividend payout ratio (DPR) is presently 25.51%.

Wall Street Analyst Weigh In

AEO has been the topic of several recent analyst reports. Wolfe Research started coverage on American Eagle Outfitters in a research note on Wednesday, October 21st. They issued a “peer perform” rating on the stock. Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, September 10th. Zacks Research cut American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 8th. Bank of America started coverage on shares of American Eagle Outfitters in a research note on Friday, August 14th. They issued an “underperform” rating and a $16.00 target price on the stock. Finally, William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.55.

Insider Transactions at American Eagle Outfitters

In other news, Director Noel Spiegel sold 3,617 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cary McMillan sold 3,617 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total value of $65,829.40. The SEC filing for this sale provides additional information. Insiders own 8.95% of the company’s stock.

About American Eagle Outfitters

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.