American Eagle Outfitters, Inc. (NYSE:AEO) Shares Acquired by Deerfield Management Company L.P. Series C

Deerfield Management Company L.P. Series C boosted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,316 shares of the apparel retailer’s stock after purchasing an additional 3,460 shares during the period. Deerfield Management Company L.P. Series C’s holdings in American Eagle Outfitters were worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in shares of American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares during the last quarter. UMB Bank n.a. purchased a new stake in American Eagle Outfitters during the first quarter valued at about $27,000. Nomura Asset Management Co. Ltd. increased its stake in American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after acquiring an additional 600 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of American Eagle Outfitters in the 1st quarter worth about $59,000. Finally, CWM LLC lifted its stake in shares of American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEO shares. TD Cowen dropped their target price on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 29th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Barclays reduced their price objective on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, UBS Group lowered their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the transaction, the chief executive officer now directly owns 1,771,851 shares of the company’s stock, valued at approximately $35,507,894.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jay L. Schottenstein sold 999,999 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now owns 1,771,851 shares in the company, valued at $35,507,894.04. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $21.96 on Friday. American Eagle Outfitters, Inc. has a 1-year low of $15.68 and a 1-year high of $26.44. The company has a market capitalization of $4.31 billion, a PE ratio of 19.78, a P/E/G ratio of 1.01 and a beta of 1.50. The business has a 50-day moving average of $20.73 and a 200-day moving average of $21.96.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.25 EPS. American Eagle Outfitters’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.28%. American Eagle Outfitters’s dividend payout ratio is presently 45.05%.

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.