Saxon Interests Inc. Buys New Shares in American Eagle Outfitters, Inc. $AEO

Saxon Interests Inc. bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,926 shares of the apparel retailer’s stock, valued at approximately $375,000.

Several other institutional investors also recently modified their holdings of AEO. Raymond James Financial Inc. acquired a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at $35,000. Strs Ohio acquired a new position in shares of American Eagle Outfitters in the 3rd quarter worth $36,000. Federated Hermes Inc. raised its position in shares of American Eagle Outfitters by 151.0% during the second quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter worth $39,000. Finally, Covestor Ltd boosted its position in shares of American Eagle Outfitters by 228.8% in the 3rd quarter. Covestor Ltd now owns 3,344 shares of the apparel retailer’s stock valued at $57,000 after purchasing an additional 2,327 shares during the period. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $23.99 on Tuesday. The company’s 50 day moving average price is $24.49 and its 200 day moving average price is $18.30. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $28.46. The company has a market capitalization of $4.07 billion, a PE ratio of 20.68, a PEG ratio of 7.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s payout ratio is currently 43.10%.

Insider Activity at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 243,047 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total value of $5,906,042.10. Following the completion of the sale, the insider owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. The trade was a 55.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 1,896 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 246,839 shares of company stock valued at $6,004,388. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on AEO. TD Cowen restated a “hold” rating on shares of American Eagle Outfitters in a report on Wednesday, December 3rd. Citigroup lifted their target price on shares of American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Barclays upped their price target on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.45.

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.