Dynamic Technology Lab Private Ltd Lowers Holdings in American Eagle Outfitters, Inc. $AEO

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in American Eagle Outfitters by 50% in the 1st quarter, holding 67,819 shares worth approximately $788,000 after selling 67,911 shares during the period.
• Several other hedge funds have changed their positions in American Eagle, with GAMMA Investing LLC increasing its stake by 380.4% in the same quarter, while AlphaQuest LLC boosted its stake by an astonishing 654,400%.
• American Eagle's recent quarterly earnings showed a net margin of 3.74% and a revenue of $1.28 billion, exceeding the analysts' expectations of $1.23 billion.

Dynamic Technology Lab Private Ltd trimmed its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 50.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,819 shares of the apparel retailer's stock after selling 67,911 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in American Eagle Outfitters were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parallax Volatility Advisers L.P. bought a new position in American Eagle Outfitters during the 1st quarter worth approximately $531,000. NFJ Investment Group LLC grew its position in American Eagle Outfitters by 0.7% during the 1st quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer's stock worth $1,384,000 after acquiring an additional 845 shares during the last quarter. Millennium Management LLC grew its position in American Eagle Outfitters by 37.7% during the 1st quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer's stock worth $40,158,000 after acquiring an additional 946,904 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in American Eagle Outfitters by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer's stock worth $1,229,000 after acquiring an additional 4,599 shares during the last quarter. Finally, Kettle Hill Capital Management LLC bought a new position in American Eagle Outfitters during the 1st quarter worth approximately $8,657,000. 97.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group raised their price target on American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Barclays increased their price objective on American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a report on Thursday, September 4th. Bank of America reiterated an "underperform" rating and issued a $10.00 price objective (down previously from $11.00) on shares of American Eagle Outfitters in a report on Monday, August 25th. Wall Street Zen upgraded American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Telsey Advisory Group increased their price objective on American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a report on Thursday, September 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $13.94.

Insider Buying and Selling

In other news, Director David M. Sable sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $19.22, for a total value of $96,100.00. Following the completion of the transaction, the director owned 48,640 shares in the company, valued at $934,860.80. This trade represents a 9.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 135,821 shares of company stock worth $2,465,436 over the last quarter. Company insiders own 8.70% of the company's stock.

American Eagle Outfitters Stock Down 6.3%

Shares of AEO traded down $1.24 on Friday, reaching $18.37. The stock had a trading volume of 9,933,549 shares, compared to its average volume of 17,424,512. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 17.67 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. The company has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $11.60. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.63.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

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.