Mather Group LLC. Takes Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Mather Group LLC. acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,990 shares of the apparel retailer’s stock, valued at approximately $154,000.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG lifted its position in shares of American Eagle Outfitters by 15.3% in the third quarter. Deutsche Bank AG now owns 95,415 shares of the apparel retailer’s stock worth $1,585,000 after buying an additional 12,630 shares in the last quarter. Rhumbline Advisers lifted its position in shares of American Eagle Outfitters by 1.7% in the third quarter. Rhumbline Advisers now owns 598,532 shares of the apparel retailer’s stock worth $9,942,000 after buying an additional 9,763 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of American Eagle Outfitters by 3.2% in the third 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. Kestra Advisory Services LLC purchased a new stake in shares of American Eagle Outfitters in the third quarter worth about $340,000. Finally, Dark Forest Capital Management LP lifted its position in shares of American Eagle Outfitters by 50.1% in the third quarter. Dark Forest Capital Management LP now owns 69,796 shares of the apparel retailer’s stock worth $1,159,000 after buying an additional 23,297 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $19.81 on Friday. The business’s 50 day moving average price is $22.88 and its 200-day moving average price is $22.37. American Eagle Outfitters, Inc. has a fifty-two week low of $11.37 and a fifty-two week high of $26.44. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.00 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.75 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 26th. Stockholders of record on Friday, July 12th will be issued a $0.125 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.52%. American Eagle Outfitters’s payout ratio is 45.05%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEO. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Tuesday, April 9th. UBS Group boosted their target price on American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. 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. Morgan Stanley reduced their price objective on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Thursday, May 30th. Finally, StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. One equities research 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other American Eagle Outfitters news, CAO James H. Keefer, Jr. sold 7,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $25.82, for a total transaction of $180,740.00. Following the transaction, the chief accounting officer now directly owns 17,266 shares in the company, valued at approximately $445,808.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction on 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 three months, insiders have sold 25,879 shares of company stock worth $660,927. 7.30% of the stock is currently owned by company insiders.

About American Eagle Outfitters

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.