637,302 Shares in American Eagle Outfitters, Inc. $AEO Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 637,302 shares of the apparel retailer’s stock, valued at approximately $10,962,000. NFJ Investment Group LLC owned 0.38% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in shares of American Eagle Outfitters during the 2nd quarter valued at approximately $25,000. Kemnay Advisory Services Inc. bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters in the second quarter valued at approximately $35,000. Finally, Federated Hermes Inc. lifted its stake in American Eagle Outfitters by 151.0% in the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after purchasing an additional 2,315 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Down 4.0%

AEO opened at $16.00 on Friday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 3.64 and a beta of 1.32. American Eagle Outfitters, Inc. has a one year low of $12.05 and a one year high of $28.46. The company has a fifty day moving average price of $17.26 and a 200-day moving average price of $18.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data 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. 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%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.29) earnings per share. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is currently 30.86%.

Analyst Ratings Changes

AEO has been the subject of several research reports. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a report on Monday, June 1st. Morgan Stanley restated an “equal weight” rating and issued a $18.00 target price on shares of American Eagle Outfitters in a research note on Monday, July 6th. Bank of America reaffirmed an “underperform” rating and set a $16.00 price target on shares of American Eagle Outfitters in a research report on Friday, August 14th. JPMorgan Chase & Co. increased their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, UBS Group reissued 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.09.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel 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 $16.78, for a total transaction of $48,527.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Sable sold 5,779 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director directly owned 53,481 shares of the company’s stock, valued at $921,477.63. The trade was a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock valued at $196,599 in the last 90 days. Corporate 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.