Occidental Asset Management LLC Acquires Shares of 77,036 American Eagle Outfitters, Inc. (NYSE:AEO)

Occidental Asset Management LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,036 shares of the apparel retailer's stock, valued at approximately $1,987,000.

A number of other large investors have also modified their holdings of AEO. Deutsche Bank AG raised its stake in American Eagle Outfitters by 15.3% during the 3rd quarter. Deutsche Bank AG now owns 95,415 shares of the apparel retailer's stock valued at $1,585,000 after acquiring an additional 12,630 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of American Eagle Outfitters by 3.2% during the third quarter. PNC Financial Services Group Inc. now owns 20,456 shares of the apparel retailer's stock valued at $340,000 after purchasing an additional 638 shares in the last quarter. Kestra Advisory Services LLC bought a new position in American Eagle Outfitters in the 3rd quarter valued at about $340,000. Natixis Advisors L.P. acquired a new position in American Eagle Outfitters during the 3rd quarter valued at about $357,000. Finally, Trexquant Investment LP acquired a new position in American Eagle Outfitters during the 3rd quarter valued at about $4,481,000. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Stock Down 0.7 %

Shares of NYSE AEO traded down $0.14 during mid-day trading on Friday, hitting $19.96. 8,944,108 shares of the company traded hands, compared to its average volume of 5,818,536. The business has a 50 day moving average of $22.54 and a two-hundred day moving average of $22.38. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 0.97 and a beta of 1.49. American Eagle Outfitters, Inc. has a 1 year low of $11.51 and a 1 year high of $26.44.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. American Eagle Outfitters had a net margin of 4.12% and a return on equity of 19.39%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.75 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.51%. The ex-dividend date is Friday, July 12th. American Eagle Outfitters's payout ratio is 45.05%.

Insider Buying and Selling at American Eagle Outfitters

In other news, insider Jennifer M. Foyle sold 16,971 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $25.53, for a total value of $433,269.63. Following the completion of the sale, the insider now owns 226,497 shares of the company's stock, valued at $5,782,468.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jennifer M. Foyle sold 16,971 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total transaction of $433,269.63. Following the completion of the sale, the insider now directly owns 226,497 shares in the company, valued at $5,782,468.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of the business's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. Company insiders own 7.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of American Eagle Outfitters from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Thursday, May 30th. Barclays lifted their price target on American Eagle Outfitters from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, April 29th. Telsey Advisory Group restated a "market perform" rating and issued a $25.00 price objective on shares of American Eagle Outfitters in a report on Thursday, May 30th. JPMorgan Chase & Co. raised American Eagle Outfitters from a "neutral" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Tuesday, April 9th. Finally, StockNews.com raised shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Monday, May 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $25.00.

American Eagle Outfitters Company Profile

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.