Truffle Hound Capital LLC Takes Position in American Eagle Outfitters, Inc. $AEO

Truffle Hound Capital LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 200,000 shares of the apparel retailer’s stock, valued at approximately $3,422,000. American Eagle Outfitters makes up approximately 1.0% of Truffle Hound Capital LLC’s holdings, making the stock its 22nd largest position. Truffle Hound Capital LLC owned 0.12% of American Eagle Outfitters at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEO. Raymond James Financial Inc. bought a new position in shares of American Eagle Outfitters in the second quarter worth about $35,000. Strs Ohio acquired a new stake in shares of American Eagle Outfitters in the third quarter valued at approximately $36,000. Federated Hermes Inc. raised its position in American Eagle Outfitters by 151.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock worth $37,000 after purchasing an additional 2,315 shares during the last quarter. McIlrath & Eck LLC bought a new position in American Eagle Outfitters in the 3rd quarter worth approximately $39,000. Finally, Hantz Financial Services Inc. lifted its holdings in American Eagle Outfitters by 41.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,094 shares of the apparel retailer’s stock worth $53,000 after buying an additional 906 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $25.45 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $28.46. The company has a current ratio of 1.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.31 billion, a PE ratio of 21.94, a PEG ratio of 6.42 and a beta of 1.42. The stock’s fifty day simple moving average is $25.48 and its 200 day simple moving average is $19.49.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, beating the consensus estimate of $0.43 by $0.10. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a $0.125 dividend. The ex-dividend date was Friday, January 9th. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. American Eagle Outfitters’s dividend payout ratio is 43.10%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 243,047 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the transaction, the insider owned 191,751 shares in the company, valued at $4,659,549.30. This trade represents a 55.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 246,839 shares of company stock valued at $6,004,388 in the last three months. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group boosted their target price on American Eagle Outfitters from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and upped their target price for the company from $14.00 to $20.00 in a research report on Wednesday, December 3rd. Morgan Stanley set a $23.00 price target on American Eagle Outfitters in a research note on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price objective on American Eagle Outfitters in a research note on Wednesday, December 3rd. Finally, Bank of America increased their target price on American Eagle Outfitters from $11.00 to $18.00 and gave the company an “underperform” rating in a research note on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $22.45.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.