Oliver Luxxe Assets LLC Makes New $837,000 Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

Oliver Luxxe Assets LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the first quarter, HoldingsChannel reports. The fund purchased 32,463 shares of the apparel retailer’s stock, valued at approximately $837,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its position in American Eagle Outfitters by 36.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 22,798 shares of the apparel retailer’s stock worth $588,000 after acquiring an additional 6,114 shares during the period. Occidental Asset Management LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $1,987,000. Artemis Investment Management LLP acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $11,280,000. Gateway Investment Advisers LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $235,000. Finally, Global Assets Advisory LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at about $476,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 2.8 %

Shares of American Eagle Outfitters stock opened at $19.40 on Tuesday. American Eagle Outfitters, Inc. has a twelve month low of $11.69 and a twelve month high of $26.44. The business has a 50-day moving average price of $22.48 and a 200 day moving average price of $22.38. The firm has a market cap of $3.81 billion, a PE ratio of 17.47, a P/E/G ratio of 0.97 and a beta of 1.49.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.17 EPS. American Eagle Outfitters’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.75 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.50 annualized dividend and a yield of 2.58%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 45.05%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 1,908 shares of the business’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is owned by company insiders.

American Eagle Outfitters Profile

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.