Mirae Asset Global Investments Co. Ltd. Makes New Investment in American Eagle Outfitters, Inc. $AEO

Mirae Asset Global Investments Co. Ltd. acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,789 shares of the apparel retailer’s stock, valued at approximately $459,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of American Eagle Outfitters during the second quarter worth $458,632,000. Arrowstreet Capital Limited Partnership boosted its position in shares of American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after acquiring an additional 3,926,230 shares during the period. Nykredit A S bought a new stake in shares of American Eagle Outfitters in the second quarter valued at about $46,023,000. Bank of New York Mellon Corp acquired a new position in shares of American Eagle Outfitters in the second quarter valued at about $27,637,000. Finally, Freestone Grove Partners LP acquired a new position in shares of American Eagle Outfitters in the second quarter valued at about $23,698,000. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

AEO has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 18th. BMO Capital Markets boosted their price objective on shares of American Eagle Outfitters from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Tuesday, September 29th. Wolfe Research assumed coverage on shares of American Eagle Outfitters in a research report on Wednesday, October 21st. They set a “peer perform” rating on the stock. UBS Group decreased their target price on shares of American Eagle Outfitters from $31.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Finally, Barclays lowered their target price on shares of American Eagle Outfitters from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, September 10th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.55.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Noel Spiegel sold 3,617 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $17.68, for a total transaction of $63,948.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary McMillan sold 3,617 shares of American Eagle Outfitters stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.20, for a total transaction of $65,829.40. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Up 9.0%

Shares of NYSE AEO opened at $21.71 on Tuesday. The company has a 50 day simple moving average of $17.59 and a 200 day simple moving average of $18.30. The firm has a market cap of $3.64 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 4.87 and a beta of 1.34. American Eagle Outfitters, Inc. has a 1 year low of $14.10 and a 1 year high of $28.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.57. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. American Eagle Outfitters’s revenue was up 7.5% compared to the same quarter last year. On average, research analysts forecast that American Eagle Outfitters, Inc. will post 2.24 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Friday, October 9th were issued a $0.1250 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.50 annualized dividend and a yield of 2.3%. American Eagle Outfitters’s dividend payout ratio is presently 25.51%.

About American Eagle Outfitters

American Eagle Outfitters, Inc is a specialty retailer of apparel, accessories and personal-care products. Its American Eagle brand offers casual clothing, including denim, tops and accessories, while Aerie sells intimates, loungewear, swimwear and activewear. The company also operates OFFLINE by Aerie, a brand focused on activewear and apparel.

The company sells through its retail stores and online channels, serving customers primarily in the United States and Canada, with additional international reach through stores and other distribution arrangements.