309,044 Shares in American Eagle Outfitters, Inc. $AEO Purchased by Man Group plc

Man Group plc acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 309,044 shares of the apparel retailer’s stock, valued at approximately $5,316,000.

A number of other large investors also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $32,000. Plato Investment Management Ltd bought a new stake in shares of American Eagle Outfitters during the second quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its holdings in American Eagle Outfitters by 177.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,774 shares of the apparel retailer’s stock valued at $47,000 after buying an additional 1,134 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after buying an additional 447 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Noel Joseph Spiegel sold 2,892 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 11,563 shares of company stock worth $196,599. Insiders own 8.95% of the company’s stock.

Analysts Set New Price Targets

AEO has been the subject of several recent research reports. Barclays dropped their target price on shares of 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. Bank of America restated an “underperform” rating and set a $16.00 target price on shares of American Eagle Outfitters in a research report on Friday, August 14th. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a research report on Monday, June 1st. Finally, Wall Street Zen lowered shares of 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.09.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $16.90 on Monday. 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 market cap of $2.83 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 3.68 and a beta of 1.32. The stock’s 50-day moving average is $17.12 and its 200-day moving average is $18.06. American Eagle Outfitters, Inc. has a one year low of $12.60 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business 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 firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. Equities analysts predict that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s payout ratio is presently 30.86%.

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.