Hillsdale Investment Management Inc. Makes New $5.49 Million Investment in American Eagle Outfitters, Inc. $AEO

Hillsdale Investment Management Inc. acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 328,720 shares of the apparel retailer’s stock, valued at approximately $5,490,000.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in 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 valued at $158,231,000 after buying an additional 680,332 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in American Eagle Outfitters by 151,993.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock valued at $1,725,000 after acquiring an additional 65,357 shares during the last quarter. Aquatic Capital Management LLC bought a new position in American Eagle Outfitters during the third quarter valued at $4,864,000. Kinetic Partners Management LP purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at $14,618,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of American Eagle Outfitters in the first quarter valued at $2,973,000. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $16.16 on Wednesday. The firm has a market cap of $2.71 billion, a P/E ratio of 9.98, a P/E/G ratio of 3.50 and a beta of 1.31. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a 12 month low of $9.65 and a 12 month high of $28.46. The stock’s fifty day moving average price is $16.84 and its 200-day moving average price is $19.98.

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

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be issued a $0.125 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. American Eagle Outfitters’s payout ratio is currently 30.86%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEO. Barclays lowered 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 report on Friday, May 29th. The Goldman Sachs Group set a $22.00 price objective on shares of American Eagle Outfitters in a research report on Monday, June 1st. Weiss Ratings downgraded shares of American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Finally, UBS Group reduced their price target on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, May 29th. One equities research analyst has 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.com, the company presently has a consensus rating of “Hold” and an average price target of $19.91.

Insider Activity

In other news, Director Noel Joseph Spiegel sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The disclosure for this sale is available in the SEC filing. Insiders own 8.95% of the company’s stock.

About American Eagle Outfitters

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.