Artemis Investment Management LLP Invests $11.28 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Artemis Investment Management LLP bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the first quarter, HoldingsChannel.com reports. The fund bought 437,452 shares of the apparel retailer’s stock, valued at approximately $11,280,000.

Several other hedge funds have also bought and sold shares of AEO. Deutsche Bank AG raised its stake in American Eagle Outfitters by 15.3% in 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. raised its stake in American Eagle Outfitters by 3.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,456 shares of the apparel retailer’s stock valued at $340,000 after acquiring an additional 638 shares during the period. Kestra Advisory Services LLC acquired a new stake in American Eagle Outfitters during the 3rd quarter valued at $340,000. Natixis Advisors L.P. bought a new position in American Eagle Outfitters during the third quarter worth $357,000. Finally, Trexquant Investment LP acquired a new position in shares of American Eagle Outfitters in the third quarter valued at $4,481,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 16,971 shares of the business’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 transaction, the insider now directly owns 226,497 shares in the company, valued at $5,782,468.41. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Cary D. Mcmillan sold 1,908 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer M. Foyle sold 16,971 shares of American Eagle Outfitters 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 sale, the insider now directly owns 226,497 shares in the company, valued at $5,782,468.41. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Price Performance

Shares of NYSE AEO opened at $19.96 on Friday. The business has a fifty day moving average price of $22.54 and a two-hundred day moving average price of $22.37. The stock has a market capitalization of $3.92 billion, a PE ratio of 17.98, a P/E/G ratio of 1.00 and a beta of 1.49. American Eagle Outfitters, Inc. has a fifty-two week low of $11.51 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 EPS for the quarter, beating 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 business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. American Eagle Outfitters’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.75 EPS for the current year.

American Eagle Outfitters Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AEO shares. Barclays raised their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a report on Thursday, May 30th. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.