250,136 Shares in American Eagle Outfitters, Inc. $AEO Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 250,136 shares of the apparel retailer’s stock, valued at approximately $4,302,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEO. Goldman Sachs Group Inc. increased its holdings in shares of American Eagle Outfitters by 12.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock valued at $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of American Eagle Outfitters by 151,993.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock valued at $1,725,000 after purchasing an additional 65,357 shares during the last quarter. Broad Peak Investment Advisers Pte Ltd acquired a new stake in American Eagle Outfitters in the 1st quarter worth approximately $2,973,000. Hillsdale Investment Management Inc. acquired a new stake in American Eagle Outfitters in the 1st quarter worth approximately $5,490,000. Finally, Vanguard Group Inc. grew its position in American Eagle Outfitters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after purchasing an additional 249,158 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AEO shares. Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. 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 note on Monday, May 18th. Bank of America reissued an “underperform” rating and set a $16.00 price objective on shares of American Eagle Outfitters in a report on Friday, August 14th. Citigroup cut their target price on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Finally, Weiss Ratings lowered American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus target price of $20.09.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,563 shares of company stock valued at $196,599 over the last 90 days. Insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $16.00 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $12.05 and a 52 week high of $28.46. The business’s 50 day moving average price is $17.26 and its 200 day moving average price is $18.36. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.68 billion, a P/E ratio of 9.88, a P/E/G ratio of 3.64 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted ($0.29) EPS. American Eagle Outfitters’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, 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 firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.

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.