Paradigm Capital Management Inc. NY Makes New $1.46 Million Investment in American Eagle Outfitters, Inc. $AEO

Paradigm Capital Management Inc. NY acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 84,775 shares of the apparel retailer’s stock, valued at approximately $1,458,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of American Eagle Outfitters by 24.8% in the 1st quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock worth $1,885,000 after acquiring an additional 32,191 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of American Eagle Outfitters by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after purchasing an additional 4,599 shares during the period. Jones Financial Companies Lllp grew its holdings in American Eagle Outfitters by 1,238.2% during the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares during the last quarter. Empowered Funds LLC grew its holdings in American Eagle Outfitters by 9.6% during the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Marshall Wace LLP raised its position in American Eagle Outfitters by 349.9% in the 2nd quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after purchasing an additional 418,943 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,892 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total value of $48,498.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 2,892 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 11,563 shares of company stock valued at $196,599. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Trading Up 4.5%

AEO stock opened at $16.90 on Tuesday. The company has a market capitalization of $2.83 billion, a PE ratio of 10.43, a P/E/G ratio of 3.53 and a beta of 1.32. American Eagle Outfitters, Inc. has a 12 month low of $12.11 and a 12 month high of $28.46. The firm’s 50-day moving average is $17.18 and its 200 day moving average is $18.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) EPS. On average, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 10th. American Eagle Outfitters’s payout ratio is currently 30.86%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, May 29th. Barclays cut their target price on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price target on American Eagle Outfitters from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.09.

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.