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

ClariVest Asset Management LLC acquired a new position in shares of American Eagle Outfitters (NYSE:AEO) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 335,426 shares of the apparel retailer’s stock, valued at approximately $6,685,000.

Several other large investors also recently modified their holdings of the stock. Lenox Wealth Management Inc. raised its holdings in shares of American Eagle Outfitters by 8.9% during the fourth quarter. Lenox Wealth Management Inc. now owns 32,763 shares of the apparel retailer’s stock worth $616,000 after acquiring an additional 2,675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Eagle Outfitters by 35.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock worth $217,000 after acquiring an additional 2,993 shares during the period. Meadow Creek Investment Management LLC raised its holdings in shares of American Eagle Outfitters by 16.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 25,466 shares of the apparel retailer’s stock worth $479,000 after acquiring an additional 3,638 shares during the period. Jane Street Group LLC raised its holdings in shares of American Eagle Outfitters by 18.5% during the fourth quarter. Jane Street Group LLC now owns 25,000 shares of the apparel retailer’s stock worth $470,000 after acquiring an additional 3,900 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of American Eagle Outfitters by 12.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 40,090 shares of the apparel retailer’s stock worth $754,000 after acquiring an additional 4,300 shares during the period. Institutional investors and hedge funds own 87.31% of the company’s stock.

A number of brokerages recently commented on AEO. Jefferies Group restated a “buy” rating and set a $24.00 price objective on shares of American Eagle Outfitters in a report on Friday, February 23rd. Morgan Stanley raised their price objective on shares of American Eagle Outfitters from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, March 9th. ValuEngine upgraded shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a report on Friday, March 2nd. Loop Capital assumed 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 on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $22.00 price target (up from $20.00) on shares of American Eagle Outfitters in a research note on Thursday, March 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.37.

American Eagle Outfitters stock opened at $22.93 on Friday. The stock has a market cap of $3.97 billion, a PE ratio of 19.43, a PEG ratio of 2.17 and a beta of 1.02. American Eagle Outfitters has a fifty-two week low of $21.79 and a fifty-two week high of $22.30.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 13th were paid a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, April 12th. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. This represents a $0.55 annualized dividend and a dividend yield of 2.40%. American Eagle Outfitters’s payout ratio is currently 47.41%.

In related news, insider Jennifer M. Foyle sold 22,000 shares of American Eagle Outfitters stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $19.69, for a total transaction of $433,180.00. Following the completion of the sale, the insider now owns 49,791 shares of the company’s stock, valued at approximately $980,384.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael R. Rempell sold 9,467 shares of American Eagle Outfitters stock in a transaction dated 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. Insiders have sold a total of 210,487 shares of company stock worth $4,395,043 over the last 90 days. 6.30% of the stock is owned by company insiders.

American Eagle Outfitters Company Profile

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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