Jupiter Topco LLC Purchases New Stake in American Eagle Outfitters, Inc. $AEO

Jupiter Topco LLC purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, HoldingsChannel reports. The institutional investor purchased 74,598 shares of the apparel retailer’s stock, valued at approximately $1,283,000.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of American Eagle Outfitters by 24.8% in the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock valued at $1,885,000 after acquiring an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after purchasing an additional 4,599 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in American Eagle Outfitters by 1,238.2% in the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of American Eagle Outfitters by 9.6% during the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of American Eagle Outfitters by 349.9% in the second quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after buying an additional 418,943 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David Sable sold 5,779 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director owned 53,481 shares of the company’s stock, valued at $921,477.63. This represents a 9.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Spiegel sold 2,892 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. 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 valued at $196,599. Company insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of AEO opened at $17.36 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $14.06 and a 52 week high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 3.71 and a beta of 1.33. The stock has a 50 day moving average of $17.01 and a 200-day moving average of $17.84.

American Eagle Outfitters Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Thursday, August 27th. Citigroup decreased their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. TD Cowen lowered their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a report on Monday, May 18th. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.40.

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.