TCM Advisors LLC Acquires New Shares in American Eagle Outfitters, Inc. $AEO

TCM Advisors LLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 42,050 shares of the apparel retailer’s stock, valued at approximately $723,000.

Several other large investors also recently bought and sold shares of AEO. BlackRock Inc. bought a new position in American Eagle Outfitters during the 2nd quarter valued at about $458,632,000. Marshall Wace LLP grew its stake in shares of American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after acquiring an additional 4,959,039 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of American Eagle Outfitters in the second quarter worth approximately $27,637,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of American Eagle Outfitters during the fourth quarter valued at approximately $40,954,000. 97.33% of the stock is currently owned by institutional investors.

Insider Activity at American Eagle Outfitters

In related news, Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total transaction of $48,527.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David M. Sable sold 5,779 shares of the business’s stock in a transaction that occurred on 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 directly owned 53,481 shares in the company, valued at approximately $921,477.63. This represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,563 shares of company stock valued at $196,599. 8.95% of the stock is owned by company insiders.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $16.16 on Monday. The stock has a 50-day simple moving average of $17.20 and a two-hundred day simple moving average of $18.30. American Eagle Outfitters, Inc. has a 52-week low of $12.11 and a 52-week high of $28.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.53 and a current ratio of 1.55. The firm has a market capitalization of $2.71 billion, a PE ratio of 9.98, a P/E/G ratio of 3.53 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned ($0.29) earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.125 per share. 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 dividend payout ratio (DPR) is currently 30.86%.

Analyst Ratings Changes

AEO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. The Goldman Sachs Group set a $22.00 target price on shares of American Eagle Outfitters in a research note on Monday, June 1st. Weiss Ratings cut American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. William Blair restated a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Finally, Telsey Advisory Group cut their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, twelve have given 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 an average rating of “Hold” and a consensus price target of $20.09.

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.