278,646 Shares in American Eagle Outfitters, Inc. $AEO Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 278,646 shares of the apparel retailer’s stock, valued at approximately $7,348,000.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of American Eagle Outfitters by 12.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of American Eagle Outfitters by 151,993.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock worth $1,725,000 after acquiring an additional 65,357 shares in the last quarter. Lakewood Capital Management LP bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $11,051,000. Russell Investments Group Ltd. raised its stake in shares of American Eagle Outfitters by 4.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock worth $25,561,000 after acquiring an additional 60,442 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $4,864,000. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

AEO opened at $17.13 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The firm has a fifty day moving average price of $17.27 and a 200 day moving average price of $21.01. American Eagle Outfitters, Inc. has a 1 year low of $9.46 and a 1 year high of $28.46. The stock has a market cap of $2.87 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.81 and a beta of 1.33.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business posted ($0.29) EPS. The business’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 10th. American Eagle Outfitters’s payout ratio is currently 30.86%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group cut their price target on shares of American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Citigroup cut their price target on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Zacks Research lowered shares of American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings lowered shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Finally, Needham & Company LLC assumed coverage on shares of American Eagle Outfitters in a research note on Thursday, March 26th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and a consensus price target of $20.36.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Joseph Spiegel sold 2,887 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.32, for a total transaction of $50,002.84. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.95% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.