Panagora Asset Management Inc. Has $19.08 Million Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Panagora Asset Management Inc. boosted its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 24.2% in the second quarter, Holdings Channel reports. The fund owned 955,981 shares of the apparel retailer’s stock after acquiring an additional 186,469 shares during the period. Panagora Asset Management Inc.’s holdings in American Eagle Outfitters were worth $19,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. raised its position in shares of 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 valued at $44,000 after buying an additional 600 shares during the last quarter. Parallel Advisors LLC raised its position in shares of American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 905 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of American Eagle Outfitters by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock valued at $1,856,000 after buying an additional 1,000 shares during the last quarter. CWM LLC raised its position in shares of American Eagle Outfitters by 72.3% during the first 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 last quarter. Finally, UMB Bank n.a. acquired a new position in shares of American Eagle Outfitters during the first quarter valued at about $27,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded down $0.20 during trading hours on Friday, hitting $20.58. 6,677,926 shares of the stock were exchanged, compared to its average volume of 4,656,173. The stock has a market capitalization of $4.04 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.01 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12 month low of $14.39 and a 12 month high of $26.44. The business’s 50-day moving average is $20.82 and its two-hundred day moving average is $22.41.

American Eagle Outfitters (NYSE:AEO) last released 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 4.12% and a return on equity of 19.39%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. American Eagle Outfitters’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were issued a $0.125 dividend. The ex-dividend date was Friday, July 12th. This represents a $0.50 annualized dividend and a yield of 2.43%. American Eagle Outfitters’s dividend payout ratio is currently 45.05%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AEO. UBS Group lowered their target price 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. TD Cowen lowered their target price 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. Barclays lowered their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday. Finally, StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $25.33.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.30% of the stock is currently owned by company insiders.

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.