Occidental Asset Management LLC Invests $1.99 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Occidental Asset Management LLC bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 1st quarter, HoldingsChannel reports. The firm bought 77,036 shares of the apparel retailer’s stock, valued at approximately $1,987,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEO. Artemis Investment Management LLP acquired a new stake in American Eagle Outfitters in the first quarter valued at approximately $11,280,000. Gateway Investment Advisers LLC purchased a new stake in American Eagle Outfitters during the 1st quarter worth $235,000. Global Assets Advisory LLC purchased a new stake in American Eagle Outfitters during the 1st quarter worth $476,000. FCF Advisors LLC acquired a new position in American Eagle Outfitters in the 1st quarter worth $1,530,000. Finally, Mather Group LLC. purchased a new position in American Eagle Outfitters in the 1st quarter valued at about $154,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Eagle Outfitters

In related news, 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 value of $46,917.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jennifer M. Foyle sold 16,971 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was 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 of the company’s stock, valued at $5,782,468.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 1,908 shares of the company’s stock in a transaction dated 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. 7.30% of the stock is owned by corporate insiders.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded down $0.14 during mid-day trading on Friday, hitting $19.96. The company had a trading volume of 8,944,108 shares, compared to its average volume of 5,818,536. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 0.97 and a beta of 1.49. The firm’s 50 day simple moving average is $22.54 and its two-hundred day simple moving average is $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 released its earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.75 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, July 12th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Wall Street Analyst Weigh In

AEO has been the topic of several recent analyst reports. Morgan Stanley cut their price target on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note 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 report on Thursday, May 30th. JPMorgan Chase & Co. raised shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Tuesday, April 9th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Finally, Barclays raised their price objective on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00.

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.