Corient Private Wealth LP Takes Position in American Eagle Outfitters, Inc. $AEO

Corient Private Wealth LP purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 164,226 shares of the apparel retailer’s stock, valued at approximately $2,825,000.

A number of other hedge funds also recently modified their holdings of the stock. Quadrant Capital Group LLC lifted its stake 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 purchasing an additional 447 shares during the last quarter. Los Angeles Capital Management LLC increased its position in American Eagle Outfitters by 2.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock worth $669,000 after buying an additional 510 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in American Eagle Outfitters by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock worth $48,000 after buying an additional 694 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of American Eagle Outfitters by 1.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock valued at $989,000 after buying an additional 731 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of American Eagle Outfitters by 3.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer’s stock valued at $655,000 after buying an additional 734 shares during the period. Institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the subject of several research reports. UBS Group reiterated 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 objective on American Eagle Outfitters in a research note on Monday, June 1st. Citigroup dropped their price objective on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Thursday, August 27th. Finally, TD Cowen reduced their target price on shares of 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. Two 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.09.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $16.61 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. American Eagle Outfitters, Inc. has a 52-week low of $12.60 and a 52-week high of $28.46. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 3.63 and a beta of 1.33. The business’s fifty day moving average is $17.08 and its 200 day moving average is $17.96.

American Eagle Outfitters Announces Dividend

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

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David M. Sable sold 5,779 shares of the company’s 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 11,563 shares of company stock valued at $196,599. 8.95% of the stock is owned by corporate insiders.

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.