Polaris Capital Management LLC Raises Stock Position in American Eagle Outfitters, Inc. $AEO

Polaris Capital Management LLC boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 8.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 89,600 shares of the apparel retailer’s stock after buying an additional 7,200 shares during the period. Polaris Capital Management LLC owned 0.05% of American Eagle Outfitters worth $862,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new stake in American Eagle Outfitters in the 2nd quarter worth $154,000. Diversified Trust Co increased its stake in American Eagle Outfitters by 61.5% in the 2nd quarter. Diversified Trust Co now owns 33,063 shares of the apparel retailer’s stock worth $318,000 after buying an additional 12,594 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in American Eagle Outfitters in the 2nd quarter worth $469,000. Investors Research Corp boosted its holdings in shares of American Eagle Outfitters by 33.6% during the 2nd quarter. Investors Research Corp now owns 60,114 shares of the apparel retailer’s stock valued at $578,000 after purchasing an additional 15,125 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of American Eagle Outfitters by 29.4% during the 1st quarter. Voya Investment Management LLC now owns 142,328 shares of the apparel retailer’s stock valued at $1,654,000 after purchasing an additional 32,305 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Cfra Research downgraded shares of American Eagle Outfitters from a “moderate buy” rating to a “hold” rating in a report on Friday, June 6th. Jefferies Financial Group increased their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, September 4th. BTIG Research assumed coverage on shares of American Eagle Outfitters in a report on Thursday, September 18th. They set a “neutral” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of American Eagle Outfitters in a report on Saturday, September 27th. Finally, Citigroup increased their price target on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Reduce” and an average target price of $14.72.

Insider Buying and Selling

In related news, Director Noel Joseph Spiegel sold 40,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jennifer M. Foyle sold 54,950 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.14, for a total transaction of $996,793.00. Following the completion of the sale, the insider directly owned 221,107 shares in the company, valued at $4,010,880.98. This trade represents a 19.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,821 shares of company stock worth $2,465,436 over the last three months. 8.70% of the stock is currently owned by company insiders.

American Eagle Outfitters Stock Down 0.2%

Shares of NYSE:AEO opened at $16.92 on Friday. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.37. The company has a 50-day moving average price of $15.09 and a 200 day moving average price of $12.25. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 16.27 and a beta of 1.60.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 10th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 10th. American Eagle Outfitters’s dividend payout ratio is 48.08%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.