42,050 Shares in American Eagle Outfitters, Inc. $AEO Purchased by TCM Advisors LLC

TCM Advisors LLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,050 shares of the apparel retailer’s stock, valued at approximately $723,000.

Other large investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Eagle Outfitters during the 2nd quarter worth approximately $10,751,000. Quantbot Technologies LP purchased a new position in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $57,000. Farringdon Capital Ltd. bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $200,000. Landscape Capital Management L.L.C. bought a new stake in shares of American Eagle Outfitters during the second quarter valued at approximately $6,977,000. Finally, Ieq Capital LLC purchased a new stake in American Eagle Outfitters in the second quarter worth $1,348,000. 97.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AEO shares. Citigroup decreased their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Morgan Stanley restated an “equal weight” rating and set a $18.00 target price on shares of American Eagle Outfitters in a report on Monday, July 6th. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, July 15th. TD Cowen decreased their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, UBS Group reissued 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.09.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director David M. Sable sold 5,779 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total value of $99,572.17. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,563 shares of company stock worth $196,599. 8.95% of the stock is owned by corporate insiders.

American Eagle Outfitters Stock Down 0.1%

AEO stock opened at $16.16 on Monday. The business has a 50 day moving average of $17.20 and a 200 day moving average of $18.30. The firm has a market cap of $2.71 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. American Eagle Outfitters, Inc. has a twelve month low of $12.11 and a twelve month high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

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

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 30.86%.

American Eagle Outfitters Company 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.