Nixon Capital LLC Takes Position in American Eagle Outfitters, Inc. $AEO

Nixon Capital LLC bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,400 shares of the apparel retailer’s stock, valued at approximately $400,000. American Eagle Outfitters comprises approximately 0.1% of Nixon Capital LLC’s holdings, making the stock its 21st largest position.

Other large investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. raised its stake in American Eagle Outfitters by 41.7% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock valued at $22,196,000 after acquiring an additional 678,536 shares during the period. XTX Topco Ltd boosted its position in American Eagle Outfitters by 59.6% during the second quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock worth $1,045,000 after purchasing an additional 40,563 shares during the period. Savant Capital LLC increased its holdings in shares of American Eagle Outfitters by 170.8% in the second quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock valued at $396,000 after purchasing an additional 25,962 shares during the last quarter. Caxton Associates LLP increased its holdings in shares of American Eagle Outfitters by 212.2% in the second quarter. Caxton Associates LLP now owns 230,312 shares of the apparel retailer’s stock valued at $2,216,000 after purchasing an additional 156,544 shares during the last quarter. Finally, Moody National Bank Trust Division bought a new position in shares of American Eagle Outfitters in the third quarter valued at about $895,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the topic of a number of research reports. Cowen reiterated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. BTIG Research assumed coverage on American Eagle Outfitters in a research report on Thursday, September 18th. They issued a “neutral” rating on the stock. Telsey Advisory Group lifted their price target on American Eagle Outfitters from $18.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, December 3rd. Bank of America boosted their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. Finally, Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.18.

Insider Activity at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the transaction, the insider directly owned 191,751 shares in the company, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.70% of the company’s stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $26.77 on Monday. The firm has a market cap of $4.54 billion, a PE ratio of 23.07 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. The stock’s fifty day moving average price is $22.68 and its two-hundred day moving average price is $17.11. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.48 EPS. American Eagle Outfitters’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, January 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

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.