Artemis Investment Management LLP Takes $11.28 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Artemis Investment Management LLP acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 437,452 shares of the apparel retailer’s stock, valued at approximately $11,280,000. Artemis Investment Management LLP owned approximately 0.22% of American Eagle Outfitters at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC increased its position in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in American Eagle Outfitters by 6,980.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 1,396 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in American Eagle Outfitters in the 4th quarter valued at about $38,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of American Eagle Outfitters by 40.5% during the 4th 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 during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of American Eagle Outfitters during the first quarter worth about $59,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $19.96 on Friday. The firm has a market capitalization of $3.92 billion, a PE ratio of 17.98, a P/E/G ratio of 1.00 and a beta of 1.49. American Eagle Outfitters, Inc. has a 1-year low of $11.51 and a 1-year high of $26.44. The business’s fifty day moving average price is $22.54 and its two-hundred day moving average price is $22.37.

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

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.51%. American Eagle Outfitters’s dividend payout ratio is presently 45.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Tuesday, April 9th. Morgan Stanley decreased their price objective on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. Barclays upped their target price on American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Finally, Telsey Advisory Group reaffirmed 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of American Eagle Outfitters 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jennifer M. Foyle sold 16,971 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $25.53, for a total transaction of $433,269.63. Following the sale, the insider now owns 226,497 shares of the company’s stock, valued at $5,782,468.41. The sale was disclosed in a filing with the SEC, which is available through 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. Corporate insiders own 7.30% of the company’s stock.

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.