Alpha DNA Investment Management LLC Has $400,000 Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Alpha DNA Investment Management LLC lowered its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 20.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,025 shares of the apparel retailer’s stock after selling 5,198 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in American Eagle Outfitters were worth $400,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in shares of American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares during the period. UMB Bank n.a. acquired a new stake in American Eagle Outfitters in the 1st quarter worth $27,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 600 shares during the period. NBC Securities Inc. acquired a new position in shares of American Eagle Outfitters during the first quarter valued at about $59,000. Finally, CWM LLC lifted its stake in shares of American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after buying an additional 1,020 shares during the period. 97.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEO has been the subject of several recent research reports. UBS Group cut their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and issued a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, August 29th. TD Cowen decreased their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Finally, Barclays decreased their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.00.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Up 0.9 %

Shares of AEO stock opened at $20.68 on Thursday. The company has a market capitalization of $3.97 billion, a P/E ratio of 18.63, a P/E/G ratio of 1.01 and a beta of 1.50. American Eagle Outfitters, Inc. has a 12-month low of $15.19 and a 12-month high of $26.44. The firm has a 50-day moving average price of $20.66 and a 200 day moving average price of $21.97.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. American Eagle Outfitters’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, October 11th. American Eagle Outfitters’s payout ratio is presently 45.05%.

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.