Impala Asset Management LLC Buys Shares of 275,000 American Eagle Outfitters, Inc. (NYSE:AEO)

Impala Asset Management LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, Holdings Channel reports. The fund purchased 275,000 shares of the apparel retailer’s stock, valued at approximately $5,489,000. American Eagle Outfitters comprises about 5.0% of Impala Asset Management LLC’s holdings, making the stock its 6th largest position.

A number of other large investors have also modified their holdings of AEO. Parallel Advisors LLC raised its stake in American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of American Eagle Outfitters during the first quarter valued at about $27,000. Nomura Asset Management Co. Ltd. grew its position in American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 600 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of American Eagle Outfitters during the 1st quarter worth about $59,000. Finally, CWM LLC lifted 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 worth $63,000 after acquiring an additional 1,020 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jay L. Schottenstein sold 999,999 shares of the company’s 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 sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at $35,507,894.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the business’s stock in a transaction dated 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 can be accessed through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was 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 of the company’s stock, valued at approximately $35,507,894.04. The disclosure for this sale can be found here. 7.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 29th. UBS Group cut their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays dropped their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, TD Cowen decreased their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Friday, August 30th. One 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. According to MarketBeat, American Eagle Outfitters has an average rating of “Hold” and an average target price of $26.00.

American Eagle Outfitters Trading Up 4.2 %

Shares of AEO stock opened at $21.96 on Friday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. American Eagle Outfitters, Inc. has a 1 year low of $15.68 and a 1 year high of $26.44. The firm’s fifty day simple moving average is $20.73 and its 200 day simple moving average is $21.96.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS 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. Investors of record on Friday, October 11th will be paid a $0.125 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.28%. American Eagle Outfitters’s payout ratio is 45.05%.

American Eagle Outfitters Company 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.