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

Landscape Capital Management L.L.C. bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 405,625 shares of the apparel retailer’s stock, valued at approximately $6,977,000. American Eagle Outfitters accounts for about 0.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 29th biggest holding. Landscape Capital Management L.L.C. owned approximately 0.24% of American Eagle Outfitters at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in shares of American Eagle Outfitters by 31.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 447 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in American Eagle Outfitters by 2.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer’s stock valued at $669,000 after buying an additional 510 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in American Eagle Outfitters by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 694 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Eagle Outfitters by 1.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer’s stock valued at $989,000 after acquiring an additional 731 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in American Eagle Outfitters by 3.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer’s stock valued at $655,000 after acquiring an additional 734 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

AEO stock opened at $16.16 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53. The company’s 50-day moving average is $17.20 and its 200-day moving average is $18.35. The stock has a market capitalization 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 1 year low of $12.11 and a 1 year high of $28.46.

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

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued 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 payout ratio is currently 30.86%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Weiss Ratings downgraded American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 1st. JPMorgan Chase & Co. boosted their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group set a $22.00 price target on American Eagle Outfitters in a report on Monday, June 1st. Finally, William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Eagle Outfitters has an average rating of “Hold” and an average price target of $20.09.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,892 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David M. Sable sold 5,779 shares of the stock in a transaction 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 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. Insiders have sold 11,563 shares of company stock valued at $196,599 over the last ninety days. 8.95% of the stock is owned by company insiders.

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.