American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 13.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,056 shares of the apparel retailer’s stock after purchasing an additional 8,740 shares during the quarter. Ensign Peak Advisors Inc’s holdings in American Eagle Outfitters were worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in shares of American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 905 shares during the last quarter. UMB Bank n.a. acquired a new stake in American Eagle Outfitters during the first quarter worth about $27,000. Nomura Asset Management Co. Ltd. raised its stake in American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 600 shares during the period. NBC Securities Inc. acquired a new position in American Eagle Outfitters in the 1st quarter valued at about $59,000. Finally, CWM LLC grew its stake in shares of American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after buying an additional 1,020 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $21.96 on Friday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.01 and a beta of 1.50. The firm has a 50 day simple moving average of $20.73 and a 200-day simple moving average of $21.96. American Eagle Outfitters, Inc. has a one year low of $15.68 and a one year high of $26.44.

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

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a research report on Thursday, August 29th. 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 report on Friday, August 30th. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, UBS Group reduced 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Activity

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

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.