DekaBank Deutsche Girozentrale Has $127,000 Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

DekaBank Deutsche Girozentrale trimmed its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 37.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,843 shares of the apparel retailer’s stock after selling 3,429 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Eagle Outfitters were worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AEO. Arizona State Retirement System boosted its stake in shares of American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock worth $1,049,000 after acquiring an additional 963 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of American Eagle Outfitters by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after purchasing an additional 1,000 shares during the last quarter. Alhambra Investment Management LLC lifted its position in shares of American Eagle Outfitters by 7.8% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,275 shares of the apparel retailer’s stock worth $305,000 after purchasing an additional 1,111 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in American Eagle Outfitters during the 3rd quarter valued at approximately $32,000. Finally, Diversified Trust Co boosted its position in shares of American Eagle Outfitters by 4.3% in the third quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer’s stock valued at $792,000 after acquiring an additional 1,443 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

AEO has been the subject of a number of research reports. TD Cowen reduced their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, August 30th. Barclays lowered their price objective on 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. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. UBS Group cut their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of American Eagle Outfitters in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.75.

Insider Activity

In other news, CEO Jay L. Schottenstein sold 999,999 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at $35,507,894.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Jennifer M. Foyle sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $21.79, for a total transaction of $653,700.00. Following the transaction, the insider now directly owns 200,427 shares of the company’s stock, valued at approximately $4,367,304.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jay L. Schottenstein sold 999,999 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the completion of the sale, the chief executive officer now owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,050,702 shares of company stock worth $21,148,718 over the last ninety days. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $19.46 on Monday. The firm has a 50 day moving average price of $20.50 and a 200 day moving average price of $21.33. The stock has a market cap of $3.74 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.97 and a beta of 1.52. American Eagle Outfitters, Inc. has a 52-week low of $15.92 and a 52-week high of $26.44.

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. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts predict that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.57%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

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.