Bridgewater Associates LP Acquires 123,850 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Bridgewater Associates LP grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 152.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,206 shares of the apparel retailer’s stock after purchasing an additional 123,850 shares during the quarter. Bridgewater Associates LP’s holdings in American Eagle Outfitters were worth $4,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in American Eagle Outfitters by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock valued at $2,907,000 after buying an additional 6,940 shares during the period. Comerica Bank lifted its position in shares of American Eagle Outfitters by 20.5% during the 1st quarter. Comerica Bank now owns 104,701 shares of the apparel retailer’s stock valued at $2,700,000 after acquiring an additional 17,836 shares during the period. Burns Matteson Capital Management LLC bought a new position in American Eagle Outfitters during the second quarter worth $292,000. Mather Group LLC. grew its holdings in American Eagle Outfitters by 1,454.4% in the second quarter. Mather Group LLC. now owns 93,110 shares of the apparel retailer’s stock worth $1,858,000 after purchasing an additional 87,120 shares during the period. Finally, SG Americas Securities LLC grew its holdings in American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after purchasing an additional 141,628 shares during the period. Institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AEO shares. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays reduced their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. TD Cowen lowered their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. UBS Group reduced their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $23.00 price objective on shares of American Eagle Outfitters in a report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

AEO opened at $19.25 on Friday. American Eagle Outfitters, Inc. has a 1 year low of $16.88 and a 1 year high of $26.44. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 0.93 and a beta of 1.52. The firm’s fifty day moving average price is $19.81 and its two-hundred day moving average price is $20.64.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.60%. American Eagle Outfitters’s payout ratio is presently 40.00%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 30,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $21.79, for a total transaction of $653,700.00. Following the completion of the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. This represents a 13.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,283 shares of American Eagle Outfitters stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,050,702 shares of company stock valued at $21,148,718. 7.30% of the stock is owned by insiders.

American Eagle Outfitters 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.