Saxon Interests Inc. Invests $375,000 in American Eagle Outfitters, Inc. $AEO

Saxon Interests Inc. acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,926 shares of the apparel retailer’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEO. Strs Ohio bought a new position in American Eagle Outfitters during the third quarter worth $36,000. McIlrath & Eck LLC bought a new position in shares of American Eagle Outfitters in the 3rd quarter worth about $39,000. Covestor Ltd boosted its holdings in shares of American Eagle Outfitters by 228.8% in the 3rd quarter. Covestor Ltd now owns 3,344 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 2,327 shares during the period. Raymond James Financial Inc. bought a new stake in shares of American Eagle Outfitters during the 2nd quarter valued at about $35,000. Finally, Federated Hermes Inc. grew its position in shares of American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after buying an additional 2,315 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEO. TD Cowen restated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, December 3rd. Zacks Research upgraded American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Eagle Outfitters in a research report on Wednesday, October 8th. UBS Group boosted their price target on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised shares of American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $14.00 to $20.00 in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters has an average rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Price Performance

Shares of AEO opened at $23.99 on Tuesday. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 7.82 and a beta of 1.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. The stock’s fifty day moving average is $24.49 and its 200-day moving average is $18.30. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 9th were given a dividend of $0.125 per share. The ex-dividend date was Friday, January 9th. This represents a $0.50 annualized dividend and a dividend yield of 2.1%. American Eagle Outfitters’s dividend payout ratio (DPR) is 43.10%.

Insider Transactions at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 1,896 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total value of $48,651.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 246,839 shares of company stock valued at $6,004,388. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Profile

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.