Y Intercept Hong Kong Ltd Makes New $7.30 Million Investment in American Eagle Outfitters, Inc. $AEO

Y Intercept Hong Kong Ltd bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the 1st quarter, Holdings Channel.com reports. The fund bought 437,318 shares of the apparel retailer’s stock, valued at approximately $7,303,000.

A number of other institutional investors and hedge funds have also modified their holdings of AEO. Quadrant Capital Group LLC boosted its holdings in American Eagle Outfitters by 31.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after buying an additional 447 shares during the last quarter. Cambria Investment Management L.P. increased its holdings in American Eagle Outfitters by 4.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 10,777 shares of the apparel retailer’s stock worth $184,000 after purchasing an additional 468 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in American Eagle Outfitters by 50.0% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 1,500 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 500 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in American Eagle Outfitters by 2.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock worth $669,000 after purchasing an additional 510 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Eagle Outfitters by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock worth $989,000 after buying an additional 731 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AEO. Barclays decreased their price objective on shares of American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Wall Street Zen raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group set a $22.00 price target on American Eagle Outfitters in a research note on Monday, June 1st. JPMorgan Chase & Co. decreased their target price on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Finally, TD Cowen dropped their price objective on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.36.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,887 shares of American Eagle Outfitters stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. The disclosure for this sale is available in the SEC filing. Company insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $16.49 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $9.58 and a 52 week high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 3.58 and a beta of 1.31. The firm has a 50 day moving average of $16.99 and a 200-day moving average of $20.55.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.American Eagle Outfitters’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned ($0.29) EPS. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

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

American Eagle Outfitters 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.