177,225 Shares in American Eagle Outfitters, Inc. $AEO Acquired by Deutsche Bank AG

Deutsche Bank AG purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, Holdings Channel reports. The fund purchased 177,225 shares of the apparel retailer’s stock, valued at approximately $3,048,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEO. Marshall Wace LLP grew its holdings in shares of American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after purchasing an additional 4,959,039 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock worth $105,818,000 after buying an additional 3,926,230 shares during the period. Bank of New York Mellon Corp bought a new stake in American Eagle Outfitters during the 2nd quarter valued at $27,637,000. Balyasny Asset Management L.P. bought a new stake in American Eagle Outfitters during the 4th quarter valued at $40,954,000. Finally, Lazard Asset Management LLC boosted its position in American Eagle Outfitters by 794.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer’s stock valued at $21,643,000 after buying an additional 1,151,091 shares during the period. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of AEO stock opened at $17.54 on Thursday. The business’s fifty day moving average is $17.17 and its 200 day moving average is $18.16. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.65 and a beta of 1.32. American Eagle Outfitters, Inc. has a twelve month low of $12.50 and a twelve month high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted ($0.29) earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Research analysts expect that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 30.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AEO shares. Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, May 29th. The Goldman Sachs Group set a $22.00 target price on shares of American Eagle Outfitters in a report on Monday, June 1st. William Blair reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. UBS Group restated a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $20.09.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,892 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David M. Sable sold 5,779 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the transaction, the director directly owned 53,481 shares of the company’s stock, valued at $921,477.63. This represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,563 shares of company stock valued at $196,599 in the last three months. Company insiders own 8.95% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.