25,789 Shares of American Eagle Outfitters, Inc. $AEO Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,789 shares of the apparel retailer’s stock, valued at approximately $459,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of American Eagle Outfitters during the second quarter worth $458,632,000. Arrowstreet Capital Limited Partnership boosted its position in shares of American Eagle Outfitters by 162.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after purchasing an additional 3,926,230 shares in the last quarter. Nykredit A S bought a new position in shares of American Eagle Outfitters during the second quarter worth $46,023,000. Bank of New York Mellon Corp bought a new position in shares of American Eagle Outfitters during the second quarter worth $27,637,000. Finally, Freestone Grove Partners LP acquired a new position in shares of American Eagle Outfitters in the 2nd quarter valued at $23,698,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Spiegel sold 3,617 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $17.68, for a total value of $63,948.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cary McMillan sold 3,617 shares of the stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total transaction of $65,829.40. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AEO shares. Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 8th. Wolfe Research initiated coverage on American Eagle Outfitters in a research note on Wednesday, October 21st. They issued a “peer perform” rating for the company. Bank of America initiated coverage on American Eagle Outfitters in a research note on Friday, August 14th. They issued an “underperform” rating and a $16.00 target price for the company. Barclays lowered their price target on American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, September 10th. Finally, BMO Capital Markets raised their price target on American Eagle Outfitters from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 29th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus price target of $19.55.

American Eagle Outfitters Stock Performance

AEO opened at $21.71 on Tuesday. American Eagle Outfitters, Inc. has a 52-week low of $14.10 and a 52-week high of $28.46. The firm has a market capitalization of $3.64 billion, a PE ratio of 11.07, a PEG ratio of 4.87 and a beta of 1.34. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 1.59. The business’s 50-day simple moving average is $17.59 and its 200 day simple moving average is $18.30.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.57. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post 2.24 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th were given a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 25.51%.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc is a specialty retailer of apparel, accessories and personal-care products. Its American Eagle brand offers casual clothing, including denim, tops and accessories, while Aerie sells intimates, loungewear, swimwear and activewear. The company also operates OFFLINE by Aerie, a brand focused on activewear and apparel.

The company sells through its retail stores and online channels, serving customers primarily in the United States and Canada, with additional international reach through stores and other distribution arrangements.