The Manufacturers Life Insurance Company Purchases New Shares in American Eagle Outfitters, Inc. $AEO

The Manufacturers Life Insurance Company purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 78,251 shares of the apparel retailer’s stock, valued at approximately $1,346,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of American Eagle Outfitters by 12.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock valued at $158,231,000 after purchasing an additional 680,332 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of American Eagle Outfitters by 151,993.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock worth $1,725,000 after purchasing an additional 65,357 shares during the last quarter. NFJ Investment Group LLC acquired a new position in shares of American Eagle Outfitters during the 2nd quarter worth about $10,962,000. Hillsdale Investment Management Inc. purchased a new position in American Eagle Outfitters in the 1st quarter valued at about $5,490,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new position in American Eagle Outfitters in the 1st quarter valued at about $2,973,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Eagle Outfitters

In other news, Director Noel Spiegel sold 2,892 shares of the company’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Sable sold 5,779 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following the completion of the sale, the director directly owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. This represents a 9.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,563 shares of company stock worth $196,599 in the last ninety days. Insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Up 2.1%

Shares of NYSE AEO opened at $17.36 on Friday. American Eagle Outfitters, Inc. has a 12-month low of $14.06 and a 12-month high of $28.46. The stock has a market cap of $2.91 billion, a PE ratio of 10.72, a P/E/G ratio of 3.71 and a beta of 1.33. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $17.01 and a 200 day moving average of $17.84.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s payout ratio is currently 30.86%.

Analyst Ratings Changes

AEO has been the topic of several research analyst reports. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a report on Monday, June 1st. Wall Street Zen upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lowered their price target on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Citigroup dropped their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.40.

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.