DekaBank Deutsche Girozentrale Increases Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

DekaBank Deutsche Girozentrale increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 408.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,272 shares of the apparel retailer’s stock after acquiring an additional 7,449 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Eagle Outfitters were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEO. Jupiter Asset Management Ltd. increased its stake in American Eagle Outfitters by 36.4% in the second quarter. Jupiter Asset Management Ltd. now owns 3,242,838 shares of the apparel retailer’s stock valued at $64,727,000 after purchasing an additional 865,355 shares during the period. American Century Companies Inc. raised its stake in American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock valued at $89,263,000 after acquiring an additional 684,420 shares during the last quarter. Quest Partners LLC acquired a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $217,000. LSV Asset Management acquired a new stake in American Eagle Outfitters during the 2nd quarter worth approximately $8,790,000. Finally, Gallacher Capital Management LLC increased its holdings in shares of American Eagle Outfitters by 83.9% in the second quarter. Gallacher Capital Management LLC now owns 34,699 shares of the apparel retailer’s stock valued at $693,000 after purchasing an additional 15,835 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $20.36 on Friday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.95 and a beta of 1.50. American Eagle Outfitters, Inc. has a fifty-two week low of $14.40 and a fifty-two week high of $26.44. The stock has a fifty day moving average of $20.70 and a two-hundred day moving average of $22.07.

American Eagle Outfitters (NYSE:AEO) last released its 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 analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. On average, analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group decreased 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. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. TD Cowen cut 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 report on Friday, August 30th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued 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 a consensus target price of $26.00.

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.