Aristides Capital LLC Acquires New Holdings in American Eagle Outfitters, Inc. $AEO

Aristides Capital LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 62,500 shares of the apparel retailer’s stock, valued at approximately $1,069,000.

A number of other institutional investors have also made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $23,395,000. Jump Financial LLC boosted its position in shares of American Eagle Outfitters by 517.1% during the second quarter. Jump Financial LLC now owns 795,386 shares of the apparel retailer’s stock worth $7,652,000 after buying an additional 666,492 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of American Eagle Outfitters by 487.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 688,300 shares of the apparel retailer’s stock valued at $6,621,000 after buying an additional 571,044 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of American Eagle Outfitters by 50.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock valued at $13,791,000 after buying an additional 482,534 shares during the period. Finally, AXA S.A. lifted its stake in American Eagle Outfitters by 96.6% during the 2nd quarter. AXA S.A. now owns 861,970 shares of the apparel retailer’s stock worth $8,292,000 after acquiring an additional 423,449 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 1,896 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total transaction of $49,694.16. The disclosure for this sale is available in the SEC filing. 8.70% of the stock is currently owned by company insiders.

American Eagle Outfitters Trading Down 3.3%

NYSE AEO opened at $17.57 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46. The firm has a 50 day moving average of $24.02 and a two-hundred day moving average of $20.81. The company has a quick ratio of 0.71, a current ratio of 1.52 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.98 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a $0.125 dividend. The ex-dividend date is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is presently 44.64%.

Analysts Set New Price Targets

Several equities analysts have weighed in on AEO shares. The Goldman Sachs Group initiated coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 target price for the company. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $20.00 in a research note on Wednesday, December 3rd. TD Cowen decreased their price target on shares of American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Zacks Research downgraded shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Morgan Stanley set a $23.00 price objective on American Eagle Outfitters in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Reduce” and an average target price of $21.75.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.