Panagora Asset Management Inc. Raises Stock Position in American Eagle Outfitters, Inc. $AEO

Panagora Asset Management Inc. boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 903,432 shares of the apparel retailer’s stock after buying an additional 38,534 shares during the period. Panagora Asset Management Inc. owned 0.53% of American Eagle Outfitters worth $23,824,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in American Eagle Outfitters by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock worth $485,166,000 after buying an additional 249,158 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American Eagle Outfitters by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,752,288 shares of the apparel retailer’s stock worth $230,801,000 after buying an additional 77,758 shares in the last quarter. American Century Companies Inc. increased its stake in American Eagle Outfitters by 5.1% in the 3rd quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after buying an additional 320,750 shares in the last quarter. State Street Corp increased its stake in American Eagle Outfitters by 0.6% in the 4th quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock worth $174,210,000 after buying an additional 39,334 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in American Eagle Outfitters by 12.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after buying an additional 680,332 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 2.2%

Shares of NYSE:AEO opened at $18.38 on Tuesday. 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, Inc. has a 12 month low of $9.42 and a 12 month high of $28.46. The company has a 50-day moving average price of $17.26 and a 200 day moving average price of $21.05. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 4.09 and a beta of 1.34.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned ($0.29) EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. The SEC filing for this sale provides additional information. 8.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Zacks Research lowered American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Barclays cut their price target on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Weiss Ratings downgraded shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. Finally, Wall Street Zen downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and a consensus target price of $20.36.

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.