Russell Investments Group Ltd. Buys 60,442 Shares of American Eagle Outfitters, Inc. $AEO

Russell Investments Group Ltd. increased its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,493,902 shares of the apparel retailer’s stock after acquiring an additional 60,442 shares during the quarter. Russell Investments Group Ltd. owned about 0.88% of American Eagle Outfitters worth $25,561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEO. PNC Financial Services Group Inc. lifted its holdings in American Eagle Outfitters by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 14,855 shares of the apparel retailer’s stock valued at $254,000 after purchasing an additional 678 shares in the last quarter. Amalgamated Bank raised its position in shares of American Eagle Outfitters by 1.6% during the 3rd quarter. Amalgamated Bank now owns 46,282 shares of the apparel retailer’s stock valued at $792,000 after purchasing an additional 742 shares during the period. Arizona State Retirement System raised its position in shares of American Eagle Outfitters by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 48,708 shares of the apparel retailer’s stock valued at $833,000 after purchasing an additional 879 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of American Eagle Outfitters by 41.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock valued at $53,000 after buying an additional 906 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of American Eagle Outfitters by 2.0% during the 2nd quarter. Tidal Investments LLC now owns 53,923 shares of the apparel retailer’s stock valued at $519,000 after buying an additional 1,046 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 1,896 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction that occurred 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. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AEO has been the subject of a number of analyst reports. Bank of America increased their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 3rd. Morgan Stanley set a $23.00 price objective on American Eagle Outfitters in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 target price on American Eagle Outfitters in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. raised American Eagle Outfitters from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $20.00 in a research note on Wednesday, December 3rd. Finally, Citigroup boosted their price target on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Reduce” and an average price target of $21.75.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $17.57 on Friday. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $28.46. The company has a quick ratio of 0.71, a current ratio of 1.52 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $24.02 and its 200 day moving average is $20.81. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.30 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.54 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is 44.64%.

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.