Fieldview Capital Management LLC Invests $906,000 in American Eagle Outfitters, Inc. $AEO

Fieldview Capital Management LLC acquired a new position 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 (SEC). The fund acquired 52,956 shares of the apparel retailer’s stock, valued at approximately $906,000.

Several other hedge funds have also recently added to or reduced their stakes in AEO. American Century Companies Inc. boosted its holdings in American Eagle Outfitters by 5.1% during the third quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after buying an additional 320,750 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in American Eagle Outfitters by 4.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock worth $25,561,000 after acquiring an additional 60,442 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in American Eagle Outfitters during the 3rd quarter worth approximately $23,395,000. Qube Research & Technologies Ltd grew its holdings in American Eagle Outfitters by 9.5% during the second quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock valued at $9,595,000 after purchasing an additional 86,241 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in American Eagle Outfitters by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 862,000 shares of the apparel retailer’s stock valued at $8,292,000 after purchasing an additional 233,357 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AEO shares. UBS Group lifted their price target 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 boosted their target price on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. TD Cowen dropped their price target on American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday. Citigroup boosted their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of American Eagle Outfitters in a report on Thursday, December 11th. They set a “neutral” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $21.75.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $18.49 on Tuesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.32 and a beta of 1.39. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The firm has a fifty day simple moving average of $24.52 and a 200 day simple moving average of $20.81. The company has a current ratio of 1.52, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $0.54 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. Research 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 announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.7%. American Eagle Outfitters’s payout ratio is currently 44.64%.

Insider Activity

In related news, Director Noel Joseph Spiegel sold 1,896 shares of the company’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total transaction of $48,651.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Cary D. Mcmillan sold 1,896 shares of the 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. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.70% of the company’s stock.

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.