Landscape Capital Management L.L.C. Raises Holdings in American Eagle Outfitters, Inc. $AEO

Landscape Capital Management L.L.C. increased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 75.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 451,616 shares of the apparel retailer’s stock after buying an additional 193,839 shares during the period. Landscape Capital Management L.L.C.’s holdings in American Eagle Outfitters were worth $7,727,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in American Eagle Outfitters in the second quarter worth about $35,000. Strs Ohio purchased a new position in American Eagle Outfitters during the 3rd quarter valued at about $36,000. Federated Hermes Inc. increased its position in American Eagle Outfitters by 151.0% during the 2nd 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 period. McIlrath & Eck LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at about $39,000. Finally, Hantz Financial Services Inc. lifted its position in shares of American Eagle Outfitters by 41.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock worth $53,000 after purchasing an additional 906 shares during the period. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AEO. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Morgan Stanley set a $23.00 price objective on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. UBS Group upped their target price on American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, The Goldman Sachs Group initiated coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Reduce” and an average target price of $21.75.

American Eagle Outfitters Stock Up 1.2%

NYSE:AEO traded up $0.22 during midday trading on Friday, reaching $17.78. 607,719 shares of the stock traded hands, compared to its average volume of 5,939,970. The stock has a market capitalization of $3.01 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $28.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.52. The business has a 50-day moving average of $24.02 and a two-hundred day moving average of $20.81.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.13. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates 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 for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

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

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Noel Joseph Spiegel sold 1,896 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total transaction of $48,651.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 1,896 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. The SEC filing for this sale provides additional information. 8.70% of the stock is owned by insiders.

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.