Landscape Capital Management L.L.C. Takes Position in American Eagle Outfitters, Inc. $AEO

Landscape Capital Management L.L.C. bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 405,625 shares of the apparel retailer’s stock, valued at approximately $6,977,000. American Eagle Outfitters makes up approximately 0.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 29th biggest position.

Other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd purchased a new stake in American Eagle Outfitters in the 2nd quarter valued at $25,000. Kemnay Advisory Services Inc. bought a new position in American Eagle Outfitters during the 4th quarter valued at $31,000. Aster Capital Management DIFC Ltd purchased a new position in American Eagle Outfitters during the 4th quarter worth $32,000. Raymond James Financial Inc. bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth $35,000. Finally, Allworth Financial LP bought a new stake in shares of American Eagle Outfitters in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AEO shares. Citigroup lowered their target price on shares of American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Wall Street Zen downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. William Blair reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Morgan Stanley reissued an “equal weight” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research report on Monday, July 6th. Finally, TD Cowen cut 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. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average price target of $20.09.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of the firm’s 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 completion of the transaction, the director owned 53,481 shares in the company, valued at $921,477.63. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total value of $48,498.84. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by company insiders.

American Eagle Outfitters Stock Up 1.0%

AEO opened at $16.16 on Friday. The company has a 50 day moving average of $17.20 and a 200 day moving average of $18.35. The company has a market cap of $2.71 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 3.49 and a beta of 1.32. American Eagle Outfitters, Inc. has a 12 month low of $12.11 and a 12 month high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the firm posted ($0.29) EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders 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 dividend yield of 3.1%. American Eagle Outfitters’s payout ratio is 30.86%.

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.