Broad Peak Investment Advisers Pte Ltd Takes Position in American Eagle Outfitters, Inc. $AEO

Broad Peak Investment Advisers Pte Ltd bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the first quarter, Holdings Channel reports. The fund bought 178,000 shares of the apparel retailer’s stock, valued at approximately $2,973,000. American Eagle Outfitters makes up 0.6% of Broad Peak Investment Advisers Pte Ltd’s portfolio, making the stock its 21st biggest holding.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in American Eagle Outfitters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock valued at $485,166,000 after acquiring an additional 249,158 shares during the period. Dimensional Fund Advisors LP grew its holdings in American Eagle Outfitters by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,752,288 shares of the apparel retailer’s stock worth $230,801,000 after purchasing an additional 77,758 shares during the period. American Century Companies Inc. increased its stake in shares of 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 valued at $113,781,000 after purchasing an additional 320,750 shares in the last quarter. State Street Corp increased its stake in shares of American Eagle Outfitters by 0.6% during the fourth quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock valued at $174,210,000 after purchasing an additional 39,334 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of American Eagle Outfitters by 12.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock valued at $158,231,000 after purchasing an additional 680,332 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Trading Down 4.5%

NYSE:AEO opened at $17.08 on Tuesday. The company’s 50 day moving average price is $17.18 and its 200-day moving average price is $20.75. American Eagle Outfitters, Inc. has a 52 week low of $9.56 and a 52 week high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 3.89 and a beta of 1.34.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned ($0.29) earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.9%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AEO. Citigroup dropped their price target on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. UBS Group reduced their price objective on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, May 29th. TD Cowen dropped their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, May 18th. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a research note on Monday, June 1st. Finally, Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.36.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,887 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The disclosure for this sale is available in the SEC filing. 8.95% of the stock is currently owned by company insiders.

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.