Caxton Associates LP Buys Shares of 37,456 American Eagle Outfitters, Inc. (NYSE:AEO)

Caxton Associates LP purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,456 shares of the apparel retailer’s stock, valued at approximately $748,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in American Eagle Outfitters by 1.5% during the first quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after acquiring an additional 310,808 shares during the last quarter. American Century Companies Inc. raised its position in shares of American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after purchasing an additional 684,420 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in American Eagle Outfitters by 36.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after buying an additional 865,355 shares in the last quarter. Victory Capital Management Inc. grew its holdings in American Eagle Outfitters by 165.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after buying an additional 1,936,938 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in American Eagle Outfitters by 179.1% during the second quarter. Principal Financial Group Inc. now owns 2,691,474 shares of the apparel retailer’s stock worth $53,722,000 after buying an additional 1,726,982 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Up 1.9 %

NYSE:AEO opened at $21.08 on Friday. The company has a market cap of $4.05 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.01 and a beta of 1.50. The firm’s 50 day moving average is $20.69 and its two-hundred day moving average is $21.97. American Eagle Outfitters, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, October 11th. American Eagle Outfitters’s payout ratio is currently 45.05%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AEO shares. Barclays decreased their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. UBS Group decreased their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. TD Cowen reduced their price objective on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. Morgan Stanley lowered 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 research note on Thursday, May 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.00.

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.