Asset Management One Co. Ltd. Purchases 1,805 Shares of American Eagle Outfitters, Inc. $AEO

Asset Management One Co. Ltd. increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 43.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,978 shares of the apparel retailer’s stock after acquiring an additional 1,805 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American Eagle Outfitters were worth $58,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of American Eagle Outfitters by 319.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer’s stock valued at $518,000 after acquiring an additional 33,938 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of American Eagle Outfitters by 41.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after buying an additional 678,536 shares during the last quarter. GAMMA Investing LLC grew its stake in American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after purchasing an additional 1,841 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in American Eagle Outfitters during the 1st quarter worth approximately $440,000. Finally, Voya Investment Management LLC boosted its holdings in American Eagle Outfitters by 29.4% in the first quarter. Voya Investment Management LLC now owns 142,328 shares of the apparel retailer’s stock valued at $1,654,000 after purchasing an additional 32,305 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Wednesday, October 8th. Citigroup boosted their price objective on American Eagle Outfitters from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 4th. Bank of America reiterated an “underperform” rating and set a $10.00 target price (down previously from $11.00) on shares of American Eagle Outfitters in a research report on Monday, August 25th. Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Barclays upped their price objective on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the stock an “underweight” rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $14.72.

American Eagle Outfitters Stock Up 1.1%

NYSE:AEO opened at $16.72 on Friday. The stock’s fifty day moving average is $16.49 and its two-hundred day moving average is $12.87. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $20.55. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 16.07 and a beta of 1.60. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Friday, October 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, October 10th. American Eagle Outfitters’s dividend payout ratio is 48.08%.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the transaction, the director directly owned 48,640 shares in the company, valued at $934,860.80. This represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Janice E. Page sold 26,869 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the transaction, the director owned 90,383 shares of the company’s stock, valued at $1,630,509.32. This represents a 22.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 138,766 shares of company stock valued at $2,515,354 over the last three months. 8.70% of the stock is owned by corporate 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.