XTX Topco Ltd Purchases Shares of 68,081 American Eagle Outfitters, Inc. (NYSE:AEO)

Key Points

• XTX Topco Ltd has acquired 68,081 shares of American Eagle Outfitters, valued at approximately $791,000, during the first quarter of the year.
• American Eagle Outfitters experienced a 24.3% increase in stock price recently, reaching $13.35, with significant trading volume surpassing its average.
• The company reported a loss of ($0.29) earnings per share for the most recent quarter, missing analysts' expectations, despite revenues of $1.09 billion.

XTX Topco Ltd purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 68,081 shares of the apparel retailer's stock, valued at approximately $791,000.

Several other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Eagle Outfitters by 8.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,086 shares of the apparel retailer's stock valued at $663,000 after acquiring an additional 4,687 shares during the last quarter. Legato Capital Management LLC increased its position in American Eagle Outfitters by 37.6% during the first quarter. Legato Capital Management LLC now owns 60,906 shares of the apparel retailer's stock valued at $708,000 after acquiring an additional 16,630 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in American Eagle Outfitters by 27.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 178,526 shares of the apparel retailer's stock valued at $2,074,000 after acquiring an additional 38,396 shares during the last quarter. Cooke & Bieler LP increased its position in American Eagle Outfitters by 29.9% during the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock valued at $90,534,000 after acquiring an additional 1,794,203 shares during the last quarter. Finally, Easterly Investment Partners LLC bought a new position in American Eagle Outfitters during the first quarter valued at $970,000. Institutional investors own 97.33% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AEO shares. Citigroup reiterated a "neutral" rating on shares of American Eagle Outfitters in a research report on Friday, May 23rd. Cfra Research cut shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley set a $10.00 target price on shares of American Eagle Outfitters and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Barclays lowered their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $14.70.

American Eagle Outfitters Stock Up 24.3%

NYSE:AEO traded up $2.61 during mid-day trading on Monday, reaching $13.35. The company's stock had a trading volume of 62,986,445 shares, compared to its average volume of 12,100,116. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $22.83. The stock has a fifty day moving average of $10.35 and a 200-day moving average of $11.82. The firm has a market capitalization of $2.31 billion, a PE ratio of 13.62 and a beta of 1.51. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the company earned $0.34 earnings per share. The firm's revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, July 11th. American Eagle Outfitters's dividend payout ratio is presently 51.02%.

About American Eagle Outfitters

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.