UniSuper Management Pty Ltd Acquires Shares of 36,489 American Eagle Outfitters, Inc. (NYSE:AEO)

UniSuper Management Pty Ltd bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,489 shares of the apparel retailer’s stock, valued at approximately $941,000.

Several other institutional investors have also recently made changes to their positions in AEO. Parallel Advisors LLC lifted its stake in American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the last quarter. UMB Bank n.a. bought a new position in American Eagle Outfitters in the 1st quarter valued at $27,000. Hexagon Capital Partners LLC increased its stake in American Eagle Outfitters by 6,980.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,416 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 1,396 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $38,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 600 shares during the period. Institutional investors own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. upgraded 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. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Monday, May 27th. Barclays boosted their price target on American Eagle Outfitters from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Finally, 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. 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.00.

American Eagle Outfitters Price Performance

NYSE AEO traded down $0.20 during midday trading on Thursday, hitting $20.65. 143,953 shares of the company traded hands, compared to its average volume of 4,638,640. American Eagle Outfitters, Inc. has a 52 week low of $13.19 and a 52 week high of $26.44. The company’s 50-day simple moving average is $21.19 and its 200-day simple moving average is $22.31. The company has a market cap of $4.06 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.04 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.75 earnings per share 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. Investors of record on Friday, July 12th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.42%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

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.