NBC Securities Inc. Buys Shares of 2,302 American Eagle Outfitters, Inc. (NYSE:AEO)

NBC Securities Inc. purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the first quarter, HoldingsChannel reports. The firm purchased 2,302 shares of the apparel retailer’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CWM LLC lifted its position in American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of American Eagle Outfitters by 11.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,884 shares of the apparel retailer’s stock worth $484,000 after buying an additional 2,428 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of American Eagle Outfitters by 1,050.5% in the 4th quarter. Wellington Management Group LLP now owns 2,681,465 shares of the apparel retailer’s stock worth $56,740,000 after buying an additional 2,448,400 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of American Eagle Outfitters by 62.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,233,659 shares of the apparel retailer’s stock valued at $47,264,000 after buying an additional 860,578 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in American Eagle Outfitters by 16.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 59,764 shares of the apparel retailer’s stock valued at $1,265,000 after buying an additional 8,600 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AEO shares. Barclays raised their price objective on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, May 30th. UBS Group raised their price objective on American Eagle Outfitters from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. raised 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. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Insider Activity at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 16,971 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $25.53, for a total transaction of $433,269.63. Following the completion of the sale, the insider now directly owns 226,497 shares of the company’s stock, valued at approximately $5,782,468.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 16,971 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total value of $433,269.63. Following the completion of the sale, the insider now directly owns 226,497 shares of the company’s stock, valued at $5,782,468.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cary D. Mcmillan sold 1,908 shares of the 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,879 shares of company stock valued at $660,927. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Price Performance

NYSE:AEO opened at $20.67 on Tuesday. The stock has a market cap of $4.06 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.49. American Eagle Outfitters, Inc. has a fifty-two week low of $11.37 and a fifty-two week high of $26.44. The stock’s 50-day moving average is $22.71 and its two-hundred day moving average is $22.40.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data 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 net margin of 4.12% and a return on equity of 19.39%. 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 previous year, the firm posted $0.17 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

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 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 2.42%. American Eagle Outfitters’s dividend payout ratio is 45.05%.

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.