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

Occidental Asset Management LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 77,036 shares of the apparel retailer’s stock, valued at approximately $1,987,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG grew its position in American Eagle Outfitters by 15.3% during the third quarter. Deutsche Bank AG now owns 95,415 shares of the apparel retailer’s stock valued at $1,585,000 after buying an additional 12,630 shares during the period. PNC Financial Services Group Inc. lifted its holdings in 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 purchased a new position in American Eagle Outfitters in the 3rd quarter valued at about $340,000. Natixis Advisors L.P. acquired a new stake in American Eagle Outfitters in the 3rd quarter worth about $357,000. Finally, Trexquant Investment LP purchased a new stake in American Eagle Outfitters during the 3rd quarter worth approximately $4,481,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

AEO has been the topic of a number of research analyst reports. Barclays lifted their price target on American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Morgan Stanley dropped their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, May 30th. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Monday, May 27th. Finally, JPMorgan Chase & Co. raised shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Insider Buying and Selling

In other news, insider Jennifer M. Foyle sold 16,971 shares of American Eagle Outfitters stock in a transaction dated 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 transaction, the insider now owns 226,497 shares in the company, valued at approximately $5,782,468.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jennifer M. Foyle sold 16,971 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $25.53, for a total value of $433,269.63. Following the sale, the insider now directly owns 226,497 shares in the company, valued at approximately $5,782,468.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of the business’s stock in a transaction on Friday, April 5th. The stock was 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. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Trading Down 0.7 %

American Eagle Outfitters stock traded down $0.14 during midday trading on Friday, reaching $19.96. 8,944,108 shares of the stock traded hands, compared to its average volume of 5,818,536. The firm has a market cap of $3.92 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49. The company has a 50-day simple moving average of $22.54 and a two-hundred day simple moving average of $22.37. American Eagle Outfitters, Inc. has a 12-month low of $11.51 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, beating the consensus estimate of $0.28 by $0.06. The business 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, July 12th. American Eagle Outfitters’s payout ratio is currently 45.05%.

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.