AdvisorShares Investments LLC Takes Position in American Eagle Outfitters, Inc. $AEO

AdvisorShares Investments LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,650 shares of the apparel retailer’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also made changes to their positions in AEO. GAMMA Investing LLC grew its stake in shares of American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 1,841 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of American Eagle Outfitters by 220.5% during the second quarter. DekaBank Deutsche Girozentrale now owns 5,843 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 4,020 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of American Eagle Outfitters by 43.3% during the second quarter. Asset Management One Co. Ltd. now owns 5,978 shares of the apparel retailer’s stock valued at $58,000 after acquiring an additional 1,805 shares in the last quarter. AlphaQuest LLC grew its stake in shares of American Eagle Outfitters by 654,400.0% during the first quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer’s stock valued at $76,000 after acquiring an additional 6,544 shares in the last quarter. Finally, Arista Wealth Management LLC acquired a new stake in shares of American Eagle Outfitters during the second quarter valued at about $96,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays raised their target price on American Eagle Outfitters from $9.00 to $14.00 and gave the company an “underweight” rating in a research note on Thursday, September 4th. Morgan Stanley increased their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, September 18th. Citigroup increased their price objective on shares of American Eagle Outfitters from $11.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 4th. Wall Street Zen upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a “market perform” rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.72.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Janice E. Page sold 26,869 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.04, for a total value of $484,716.76. Following the completion of the transaction, the director directly owned 90,383 shares in the company, valued at $1,630,509.32. The trade was a 22.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel Joseph Spiegel sold 40,000 shares of American Eagle Outfitters 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 is available in the SEC filing. Insiders sold a total of 138,766 shares of company stock valued at $2,515,354 over the last 90 days. 8.70% of the stock is owned by corporate insiders.

American Eagle Outfitters Trading Down 2.7%

American Eagle Outfitters stock opened at $16.53 on Friday. The firm’s 50-day moving average is $16.41 and its 200-day moving average is $12.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $20.55. The company has a market cap of $2.80 billion, a P/E ratio of 15.89 and a beta of 1.60.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm posted $0.39 EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Friday, October 10th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, October 10th. American Eagle Outfitters’s payout ratio is presently 48.08%.

American Eagle Outfitters Company 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.