ClariVest Asset Management LLC Takes $6.69 Million Position in American Eagle Outfitters (AEO)

ClariVest Asset Management LLC acquired a new position in shares of American Eagle Outfitters (NYSE:AEO) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 335,426 shares of the apparel retailer’s stock, valued at approximately $6,685,000. ClariVest Asset Management LLC owned approximately 0.19% of American Eagle Outfitters at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEO. Victory Capital Management Inc. increased its holdings in shares of American Eagle Outfitters by 6,294.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock worth $41,585,000 after buying an additional 2,177,371 shares in the last quarter. Maverick Capital Ltd. increased its holdings in shares of American Eagle Outfitters by 604.3% during the fourth quarter. Maverick Capital Ltd. now owns 906,132 shares of the apparel retailer’s stock worth $17,035,000 after buying an additional 777,472 shares in the last quarter. Castleark Management LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $12,509,000. Millennium Management LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $11,076,000. Finally, Mackenzie Financial Corp increased its holdings in shares of American Eagle Outfitters by 290.4% during the fourth quarter. Mackenzie Financial Corp now owns 784,700 shares of the apparel retailer’s stock worth $14,752,000 after buying an additional 583,700 shares in the last quarter. 87.31% of the stock is owned by institutional investors.

Several analysts have recently weighed in on AEO shares. Jefferies Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of American Eagle Outfitters in a report on Friday, February 23rd. ValuEngine raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Loop Capital started coverage on shares of American Eagle Outfitters in a report on Thursday, March 22nd. They set a “buy” rating and a $25.00 price objective for the company. Finally, Cowen set a $20.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.37.

In other news, insider Charles F. Kessler sold 11,050 shares of American Eagle Outfitters stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $22.00, for a total transaction of $243,100.00. Following the transaction, the insider now directly owns 128,049 shares of the company’s stock, valued at $2,817,078. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Michael R. Rempell sold 9,467 shares of American Eagle Outfitters stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $20.10, for a total transaction of $190,286.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,487 shares of company stock worth $4,395,043. Insiders own 6.30% of the company’s stock.

AEO opened at $22.93 on Friday. American Eagle Outfitters has a one year low of $21.79 and a one year high of $22.30. The company has a market cap of $3.97 billion, a PE ratio of 19.43, a P/E/G ratio of 2.17 and a beta of 1.02.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, March 8th. The apparel retailer reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. American Eagle Outfitters had a net margin of 5.38% and a return on equity of 17.91%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. American Eagle Outfitters’s revenue was up 12.0% compared to the same quarter last year. analysts anticipate that American Eagle Outfitters will post 1.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a $0.1375 dividend. The ex-dividend date was Thursday, April 12th. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 dividend on an annualized basis and a yield of 2.40%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 47.41%.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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