Trek Financial LLC Takes $6.48 Million Position in American Eagle Outfitters, Inc. $AEO

Trek Financial LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 378,504 shares of the apparel retailer’s stock, valued at approximately $6,476,000. Trek Financial LLC owned about 0.22% of American Eagle Outfitters at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AEO. Royal Bank of Canada boosted its stake in American Eagle Outfitters by 24.8% during the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after buying an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of American Eagle Outfitters by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after buying an additional 4,599 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of American Eagle Outfitters by 1,238.2% during the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after purchasing an additional 48,624 shares in the last quarter. Empowered Funds LLC increased its position 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 acquiring an additional 1,398 shares during the period. Finally, Polaris Capital Management LLC raised its position in American Eagle Outfitters by 8.7% in the 2nd quarter. Polaris Capital Management LLC now owns 89,600 shares of the apparel retailer’s stock valued at $862,000 after purchasing an additional 7,200 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Ratings Changes

AEO has been the subject of a number of recent analyst reports. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. UBS Group raised their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Telsey Advisory Group boosted their price target on American Eagle Outfitters from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 13th. Bank of America increased their price objective on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group assumed coverage on American Eagle Outfitters in a research note on Thursday, December 11th. They set a “neutral” rating and a $25.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $22.45.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total transaction of $49,694.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer M. Foyle sold 243,047 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $24.30, for a total value of $5,906,042.10. Following the sale, the insider owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. This trade represents a 55.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 246,839 shares of company stock valued at $6,004,388. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Down 4.1%

American Eagle Outfitters stock traded down $1.04 during trading on Friday, hitting $24.10. The company’s stock had a trading volume of 8,309,613 shares, compared to its average volume of 5,358,193. The stock’s fifty day moving average is $24.36 and its 200 day moving average is $18.09. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $28.46. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 8.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $0.48 earnings per share. American Eagle Outfitters’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. American Eagle Outfitters’s dividend payout ratio is presently 43.10%.

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.