Los Angeles Capital Management LLC Acquires New Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Los Angeles Capital Management LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 134,060 shares of the apparel retailer’s stock, valued at approximately $3,457,000. Los Angeles Capital Management LLC owned approximately 0.07% of American Eagle Outfitters at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position in American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 600 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of American Eagle Outfitters by 3.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,456 shares of the apparel retailer’s stock worth $340,000 after buying an additional 638 shares in the last quarter. Evergreen Capital Management LLC grew its stake in American Eagle Outfitters by 6.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 14,632 shares of the apparel retailer’s stock valued at $243,000 after acquiring an additional 837 shares during the last quarter. Parallel Advisors LLC increased its holdings in American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares in the last quarter. Finally, BRYN MAWR TRUST Co raised its position in American Eagle Outfitters by 0.9% during the third quarter. BRYN MAWR TRUST Co now owns 98,619 shares of the apparel retailer’s stock worth $1,638,000 after acquiring an additional 920 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AEO. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, May 30th. Barclays raised their price target on American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. UBS Group upped their price objective on American Eagle Outfitters from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Tuesday, April 9th. Finally, Morgan Stanley cut their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $25.00.

American Eagle Outfitters Price Performance

AEO opened at $19.81 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $11.37 and a 12 month high of $26.44. The business has a 50-day moving average of $22.88 and a two-hundred day moving average of $22.37. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. American Eagle Outfitters’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $24.59, for a total value of $46,917.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Jennifer M. Foyle sold 16,971 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total transaction of $433,269.63. Following the completion of the sale, the insider now directly owns 226,497 shares of the company’s stock, valued at approximately $5,782,468.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $24.59, for a total value of $46,917.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,879 shares of company stock worth $660,927. 7.30% of the stock is owned by insiders.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.