Envestnet Asset Management Inc. Buys 23,418 Shares of American Eagle Outfitters, Inc. $AEO

Envestnet Asset Management Inc. lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 28.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,033 shares of the apparel retailer’s stock after buying an additional 23,418 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of American Eagle Outfitters worth $1,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AEO. Raymond James Financial Inc. purchased a new position in American Eagle Outfitters during the 2nd quarter worth $35,000. Strs Ohio bought a new position in shares of American Eagle Outfitters during the third quarter valued at about $36,000. Federated Hermes Inc. boosted its holdings in American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares during the last quarter. McIlrath & Eck LLC purchased a new position in American Eagle Outfitters during the third quarter worth about $39,000. Finally, Hantz Financial Services Inc. grew its position in American Eagle Outfitters by 41.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock worth $53,000 after purchasing an additional 906 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 243,047 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the transaction, the insider directly owned 191,751 shares of the company’s stock, valued at $4,659,549.30. This trade represents a 55.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 246,839 shares of company stock worth $6,004,388. 8.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on AEO. UBS Group lifted 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. Bank of America lifted their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, December 3rd. Citigroup boosted their price objective on American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Finally, Barclays lifted their target price on American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.45.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $24.57 on Friday. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. The stock’s fifty day moving average price is $25.26 and its two-hundred day moving average price is $20.42. The firm has a market cap of $4.17 billion, a PE ratio of 21.18, a PEG ratio of 6.43 and a beta of 1.42.

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 the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently declared 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 2.0%. American Eagle Outfitters’s payout ratio is 43.10%.

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.