Connor Clark & Lunn Investment Management Ltd. Buys Shares of 625,039 American Eagle Outfitters, Inc. $AEO

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 625,039 shares of the apparel retailer’s stock, valued at approximately $10,751,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada grew 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 valued at $1,885,000 after acquiring an additional 32,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after purchasing an additional 4,599 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in American Eagle Outfitters by 1,238.2% in the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares during the period. Empowered Funds LLC boosted its holdings in American Eagle Outfitters by 9.6% in the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after purchasing an additional 1,398 shares during the period. Finally, Marshall Wace LLP boosted its holdings in American Eagle Outfitters by 349.9% in the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock valued at $5,182,000 after purchasing an additional 418,943 shares during the period. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AEO. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price target on shares of American Eagle Outfitters in a report on Monday, July 6th. Barclays dropped their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. William Blair restated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. TD Cowen decreased their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. raised their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.09.

American Eagle Outfitters Price Performance

AEO stock opened at $17.54 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. American Eagle Outfitters, Inc. has a one year low of $12.50 and a one year high of $28.46. The stock has a market cap of $2.94 billion, a PE ratio of 10.83, a P/E/G ratio of 3.65 and a beta of 1.32. The firm has a 50 day simple moving average of $17.17 and a two-hundred day simple moving average of $18.16.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.29) EPS. On average, analysts predict that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a $0.125 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 2.9%. American Eagle Outfitters’s payout ratio is 30.86%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters 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 sale, the director directly owned 53,481 shares of the company’s stock, valued at approximately $921,477.63. This trade represents a 9.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,563 shares of company stock worth $196,599. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Company 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.