1,823 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,823 shares of the apparel retailer’s stock, valued at approximately $38,000.

Other hedge funds have also recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $27,000. Financial Management Professionals Inc. acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $31,000. Canada Pension Plan Investment Board acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at $37,000. C M Bidwell & Associates Ltd. acquired a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $38,000. Finally, Quarry LP acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Citigroup lifted their target price on shares of American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. upgraded shares of American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Tuesday, April 9th. Bank of America lifted their target price on shares of American Eagle Outfitters from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Finally, Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.27.

Insider Buying and Selling

In other news, insider Jennifer M. Foyle sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $21.00, for a total value of $420,000.00. Following the completion of the sale, the insider now owns 232,459 shares of the company’s stock, valued at approximately $4,881,639. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jennifer M. Foyle sold 24,271 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.11, for a total value of $488,089.81. Following the completion of the sale, the insider now owns 232,459 shares of the company’s stock, valued at approximately $4,674,750.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $21.00, for a total transaction of $420,000.00. Following the completion of the sale, the insider now directly owns 232,459 shares of the company’s stock, valued at approximately $4,881,639. The disclosure for this sale can be found here. Insiders have sold 96,590 shares of company stock valued at $2,221,028 in the last quarter. Company insiders own 7.50% of the company’s stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $22.37 on Thursday. American Eagle Outfitters, Inc. has a 12-month low of $9.95 and a 12-month high of $26.44. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 26.01, a price-to-earnings-growth ratio of 1.06 and a beta of 1.59. The firm’s fifty day moving average price is $23.61 and its 200 day moving average price is $20.76.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. American Eagle Outfitters had a net margin of 3.23% and a return on equity of 17.76%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts forecast that American Eagle Outfitters, Inc. will post 1.71 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 58.14%.

American Eagle Outfitters announced that its board has authorized a stock buyback program on Thursday, February 1st that authorizes the company to repurchase 30,000,000 shares. This repurchase authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.