Diamond Hill Capital Management LLC Investment Advisor Takes Position in American Eagle Outfitters, Inc. $AEO

Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 146,382 shares of the apparel retailer’s stock, valued at approximately $2,518,000.

Several other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position 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 valued at $158,231,000 after buying an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in American Eagle Outfitters by 151,993.0% in 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. Broad Peak Investment Advisers Pte Ltd purchased a new stake in American Eagle Outfitters in the 1st quarter worth approximately $2,973,000. Hillsdale Investment Management Inc. bought a new stake in American Eagle Outfitters during the 1st quarter worth approximately $5,490,000. Finally, Vanguard Group Inc. lifted its holdings in American Eagle Outfitters by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock valued at $485,166,000 after purchasing an additional 249,158 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David M. Sable sold 5,779 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value 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. The trade was a 9.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,563 shares of company stock worth $196,599 over the last 90 days. Company insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $16.39 on Tuesday. The firm has a fifty day simple moving average of $17.35 and a two-hundred day simple moving average of $18.51. American Eagle Outfitters, Inc. has a 52 week low of $12.05 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 stock has a market capitalization of $2.75 billion, a P/E ratio of 10.12 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data 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 return on equity of 20.95% and a net margin of 5.01%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned ($0.29) EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

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 given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s payout ratio is 30.86%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEO. TD Cowen cut their price target on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wall Street Zen downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a research report on Monday, June 1st. Finally, Telsey Advisory Group decreased their target price on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.91.

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.