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

Key Points

• Deutsche Bank AG purchased 177,225 shares of American Eagle Outfitters in the second quarter, valued at approximately $3.05 million, while institutional investors collectively own 97.33% of the company.
• Analyst sentiment remains cautious: AEO has an average rating of “Hold” and an average price target of $20.09, with several firms recently lowering their targets. Company directors also sold a combined 11,563 shares worth about $196,599 over the past 90 days.
• American Eagle reported quarterly earnings of $0.14 per share, beating estimates of $0.11, while revenue rose 9.7% year over year to $1.20 billion. The company also maintains a quarterly dividend of $0.125 per share, representing an annualized yield of approximately 2.9%.

Deutsche Bank AG purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 177,225 shares of the apparel retailer's stock, valued at approximately $3,048,000. Deutsche Bank AG owned 0.11% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AEO. Quadrant Capital Group LLC raised its position in American Eagle Outfitters by 31.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,852 shares of the apparel retailer's stock worth $49,000 after acquiring an additional 447 shares during the period. Los Angeles Capital Management LLC grew its position in shares of American Eagle Outfitters by 2.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 25,363 shares of the apparel retailer's stock valued at $669,000 after acquiring an additional 510 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of American Eagle Outfitters by 31.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,870 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 694 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Eagle Outfitters by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,817 shares of the apparel retailer's stock worth $989,000 after purchasing an additional 731 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of American Eagle Outfitters by 3.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 24,847 shares of the apparel retailer's stock worth $655,000 after purchasing an additional 734 shares during the period. Hedge funds and other institutional investors own 97.33% of the company's stock.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director David M. Sable sold 5,779 shares of American Eagle Outfitters 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 approximately $921,477.63. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Cary D. Mcmillan sold 2,892 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,563 shares of company stock worth $196,599 over the last ninety days. Insiders own 8.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AEO shares. Barclays dropped their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an "equal weight" rating on the stock in a research note on Friday, May 29th. Telsey Advisory Group lowered their target price on American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating on the stock in a research note on Friday, May 29th. TD Cowen dropped their price target on American Eagle Outfitters from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. William Blair reiterated a "buy" rating on shares of American Eagle Outfitters in a research note on Wednesday, July 15th. Finally, Bank of America reissued an "underperform" rating and issued a $16.00 price objective on shares of American Eagle Outfitters in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $20.09.

American Eagle Outfitters Stock Up 4.8%

AEO opened at $17.54 on Thursday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 3.65 and a beta of 1.32. American Eagle Outfitters, Inc. has a one year low of $12.50 and a one year high of $28.46. The company has a fifty day moving average price of $17.17 and a 200-day moving average price of $18.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.53.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.29) earnings per share. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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

American Eagle Outfitters Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source