DekaBank Deutsche Girozentrale Has $58,000 Stake in American Eagle Outfitters, Inc. $AEO

DekaBank Deutsche Girozentrale lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 220.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,843 shares of the apparel retailer’s stock after purchasing an additional 4,020 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American Eagle Outfitters were worth $58,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of American Eagle Outfitters by 319.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 44,570 shares of the apparel retailer’s stock worth $518,000 after purchasing an additional 33,938 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of American Eagle Outfitters by 41.7% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,307,326 shares of the apparel retailer’s stock worth $22,196,000 after purchasing an additional 678,536 shares in the last quarter. GAMMA Investing LLC lifted its holdings in American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 1,841 shares during the period. Janney Montgomery Scott LLC acquired a new position in American Eagle Outfitters in the first quarter valued at approximately $440,000. Finally, Asset Management One Co. Ltd. lifted its holdings in American Eagle Outfitters by 38.7% in the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 1,165 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEO has been the topic of several analyst reports. Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, September 4th. Zacks Research upgraded shares of American Eagle Outfitters to a “hold” rating in a report on Monday, August 11th. Morgan Stanley increased their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. BTIG Research initiated coverage on shares of American Eagle Outfitters in a report on Thursday, September 18th. They issued a “neutral” rating on the stock. Finally, Citigroup increased their price objective on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Reduce” and an average price target of $14.72.

Insiders Place Their Bets

In related news, insider Jennifer M. Foyle sold 54,950 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.14, for a total value of $996,793.00. Following the completion of the transaction, the insider owned 221,107 shares of the company’s stock, valued at approximately $4,010,880.98. This trade represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David M. Sable sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the completion of the transaction, the director directly owned 48,640 shares of the company’s stock, valued at approximately $934,860.80. This trade represents a 9.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,766 shares of company stock valued at $2,515,354 in the last quarter. Company insiders own 8.70% of the company’s stock.

American Eagle Outfitters Stock Up 2.0%

Shares of AEO stock opened at $16.91 on Tuesday. The firm has a fifty day moving average of $16.15 and a 200-day moving average of $12.72. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $20.55. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.25 and a beta of 1.60.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, October 10th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio (DPR) is 48.08%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.