Connor Clark & Lunn Investment Management Ltd. Invests $10.75 Million in American Eagle Outfitters, Inc. $AEO

Connor Clark & Lunn Investment Management Ltd. bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 625,039 shares of the apparel retailer’s stock, valued at approximately $10,751,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.37% of American Eagle Outfitters at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in American Eagle Outfitters by 31.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock worth $49,000 after purchasing an additional 447 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of American Eagle Outfitters by 2.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock worth $669,000 after buying an additional 510 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of American Eagle Outfitters by 31.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after buying an additional 694 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American Eagle Outfitters by 1.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock worth $989,000 after buying an additional 731 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of American Eagle Outfitters by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer’s stock worth $655,000 after buying an additional 734 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays decreased their price target on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating and issued a $18.00 price objective on shares of American Eagle Outfitters in a research report on Monday, July 6th. UBS Group restated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. TD Cowen decreased their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Wall Street Zen cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $20.09.

Insider Buying and Selling

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the sale, the director owned 53,481 shares of the company’s stock, valued at $921,477.63. The trade was a 9.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,563 shares of company stock valued at $196,599. Company insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

NYSE AEO opened at $17.54 on Thursday. The company has a market cap of $2.94 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 3.65 and a beta of 1.32. American Eagle Outfitters, Inc. has a 52 week low of $12.50 and a 52 week high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $17.17 and its two-hundred day simple moving average is $18.16.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.29) earnings per share. Research analysts predict that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.

American Eagle Outfitters 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.