American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 408.6% during the second quarter, HoldingsChannel reports. The firm owned 9,272 shares of the apparel retailer’s stock after buying an additional 7,449 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American Eagle Outfitters were worth $183,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AEO. Los Angeles Capital Management LLC purchased a new stake in American Eagle Outfitters during the 1st quarter worth $3,457,000. Seven Eight Capital LP acquired a new position in shares of American Eagle Outfitters in the first quarter worth about $1,445,000. Bayesian Capital Management LP acquired a new position in shares of American Eagle Outfitters in the first quarter worth about $598,000. Boulder Hill Capital Management LP purchased a new position in American Eagle Outfitters in the fourth quarter valued at about $2,254,000. Finally, Capstone Investment Advisors LLC acquired a new stake in American Eagle Outfitters during the 4th quarter valued at approximately $830,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AEO. Morgan Stanley cut their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday, May 30th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a report on Thursday, August 29th. Barclays cut 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 note on Friday, August 30th. Finally, TD Cowen decreased their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and a consensus price target of $26.00.

American Eagle Outfitters Stock Up 1.5 %

Shares of NYSE AEO opened at $20.36 on Friday. The firm’s 50-day moving average price is $20.70 and its two-hundred day moving average price is $22.07. American Eagle Outfitters, Inc. has a 52-week low of $14.40 and a 52-week high of $26.44. The stock has a market capitalization of $4.00 billion, a P/E ratio of 18.34, a P/E/G ratio of 0.95 and a beta of 1.50.

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

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters 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.