29,005 Shares in American Eagle Outfitters, Inc. $AEO Acquired by AlphaQuest LLC

AlphaQuest LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,005 shares of the apparel retailer’s stock, valued at approximately $496,000.

A number of other large investors also recently added to or reduced their stakes in the company. XTX Topco Ltd lifted its position in shares of American Eagle Outfitters by 59.6% during the second quarter. XTX Topco Ltd now owns 108,644 shares of the apparel retailer’s stock worth $1,045,000 after purchasing an additional 40,563 shares in the last quarter. SummerHaven Investment Management LLC acquired a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $1,426,000. Savant Capital LLC increased its stake in American Eagle Outfitters by 170.8% during the 2nd quarter. Savant Capital LLC now owns 41,165 shares of the apparel retailer’s stock worth $396,000 after buying an additional 25,962 shares during the period. Caxton Associates LLP lifted its holdings in American Eagle Outfitters by 212.2% during the 2nd quarter. Caxton Associates LLP now owns 230,312 shares of the apparel retailer’s stock worth $2,216,000 after buying an additional 156,544 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in American Eagle Outfitters during the 3rd quarter worth approximately $895,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Trading Down 4.5%

AEO opened at $23.09 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46. The company has a market cap of $3.91 billion, a P/E ratio of 19.91, a PEG ratio of 6.38 and a beta of 1.42. The business’s 50-day simple moving average is $25.26 and its 200-day simple moving average is $18.94.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.10. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.During the same period in the prior year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 9th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, January 9th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 43.10%.

Insider Activity at American Eagle Outfitters

In related news, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction on Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total value of $48,651.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 1,896 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. The SEC filing for this sale provides additional information. Insiders sold a total of 246,839 shares of company stock valued at $6,004,388 over the last ninety days. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

AEO has been the topic of a number of recent research reports. Zacks Research raised American Eagle Outfitters from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Morgan Stanley set a $23.00 target price on American Eagle Outfitters in a research note on Wednesday, December 3rd. The Goldman Sachs Group began coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They issued a “neutral” rating and a $25.00 price target on the stock. Barclays lifted their price objective on American Eagle Outfitters from $20.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, January 6th. Finally, UBS Group raised their target price on shares of American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.45.

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.