American Eagle Outfitters, Inc. (NYSE:AEO) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC raised its holdings in American Eagle Outfitters, Inc. (NYSE:AEOFree Report) by 299.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,207 shares of the apparel retailer’s stock after purchasing an additional 905 shares during the period. Parallel Advisors LLC’s holdings in American Eagle Outfitters were worth $26,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of American Eagle Outfitters by 40.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 600 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of American Eagle Outfitters by 157.6% in the fourth quarter. Trexquant Investment LP now owns 694,881 shares of the apparel retailer’s stock worth $14,704,000 after acquiring an additional 425,113 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of American Eagle Outfitters by 20.5% in the fourth quarter. Wells Fargo & Company MN now owns 322,696 shares of the apparel retailer’s stock worth $6,828,000 after acquiring an additional 54,914 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of American Eagle Outfitters by 11.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,884 shares of the apparel retailer’s stock worth $484,000 after acquiring an additional 2,428 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth approximately $20,917,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 26,440 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $24.66, for a total value of $652,010.40. Following the sale, the insider now owns 226,497 shares in the company, valued at approximately $5,585,416.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Cary D. Mcmillan sold 1,908 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 26,440 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $24.66, for a total value of $652,010.40. Following the transaction, the insider now directly owns 226,497 shares of the company’s stock, valued at $5,585,416.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,319 shares of company stock worth $1,312,938. 7.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AEO shares. Morgan Stanley lowered their price target 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. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research report on Thursday, May 30th. Citigroup lifted their price objective on American Eagle Outfitters from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Barclays lifted their price objective 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. Finally, StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.00.

View Our Latest Report on American Eagle Outfitters

American Eagle Outfitters Stock Down 0.7 %

NYSE:AEO opened at $21.39 on Monday. American Eagle Outfitters, Inc. has a 52 week low of $11.37 and a 52 week high of $26.44. The company has a market capitalization of $4.20 billion, a P/E ratio of 19.27, a P/E/G ratio of 1.04 and a beta of 1.49. The stock’s fifty day moving average is $23.51 and its two-hundred day moving average is $22.25.

American Eagle Outfitters (NYSE:AEOGet Free Report) last posted its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $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 anticipate that American Eagle Outfitters, Inc. will post 1.74 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.34%. American Eagle Outfitters’s dividend payout ratio is presently 45.05%.

American Eagle Outfitters Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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