Kingsview Wealth Management LLC Invests $3.56 Million in American Eagle Outfitters, Inc. $AEO

Kingsview Wealth Management LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 207,178 shares of the apparel retailer’s stock, valued at approximately $3,563,000. Kingsview Wealth Management LLC owned approximately 0.12% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. bought a new position in American Eagle Outfitters during the second quarter valued at $458,632,000. Marshall Wace LLP increased its holdings in shares of American Eagle Outfitters by 920.6% in the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after buying an additional 4,959,039 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of American Eagle Outfitters by 162.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after buying an additional 3,926,230 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at about $27,637,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $40,954,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 1.3%

NYSE AEO opened at $16.90 on Friday. The stock has a market cap of $2.83 billion, a PE ratio of 10.43, a PEG ratio of 3.68 and a beta of 1.32. American Eagle Outfitters, Inc. has a 12 month low of $12.60 and a 12 month high of $28.46. The company’s 50-day moving average price is $17.12 and its 200-day moving average price is $18.10. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

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

American Eagle Outfitters Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on AEO shares. Weiss Ratings downgraded American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 1st. William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. TD Cowen cut their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Bank of America restated an “underperform” rating and set a $16.00 price target on shares of American Eagle Outfitters in a report on Friday, August 14th. Finally, Telsey Advisory Group lowered their price target on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Two 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. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $20.09.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,892 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,563 shares of company stock worth $196,599. Company insiders own 8.95% of the company’s stock.

About American Eagle Outfitters

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.