63,204 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Acquired by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 63,204 shares of the apparel retailer’s stock, valued at approximately $2,372,000.

Several other institutional investors and hedge funds have also bought and sold shares of AEO. Marshall Wace LLP bought a new stake in shares of American Eagle Outfitters during the first quarter worth approximately $198,000. FMR LLC raised its stake in shares of American Eagle Outfitters by 80.5% during the first quarter. FMR LLC now owns 2,152,703 shares of the apparel retailer’s stock worth $47,726,000 after buying an additional 960,273 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of American Eagle Outfitters by 2.6% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 94,990 shares of the apparel retailer’s stock worth $2,106,000 after buying an additional 2,374 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of American Eagle Outfitters by 46.0% during the first quarter. New York State Common Retirement Fund now owns 287,467 shares of the apparel retailer’s stock worth $8,406,000 after buying an additional 90,615 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of American Eagle Outfitters by 22.2% during the first quarter. Teacher Retirement System of Texas now owns 17,647 shares of the apparel retailer’s stock worth $516,000 after buying an additional 3,201 shares during the last quarter.

Shares of AEO opened at $24.14 on Thursday. American Eagle Outfitters, Inc. has a 12 month low of $13.36 and a 12 month high of $38.99. The firm has a fifty day simple moving average of $28.80 and a 200 day simple moving average of $32.55. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 17.49 and a beta of 1.43. The company has a current ratio of 2.08, a quick ratio of 1.43 and a debt-to-equity ratio of 0.26.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, September 1st. The apparel retailer reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. American Eagle Outfitters had a net margin of 6.12% and a return on equity of 31.70%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 35.1% on a year-over-year basis. As a group, research analysts predict that American Eagle Outfitters, Inc. will post 2.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 22nd. Shareholders of record on Friday, October 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, October 7th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 360.00%.

In other news, EVP Andrew J. Mclean sold 15,431 shares of the stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $35.00, for a total value of $540,085.00. Following the transaction, the executive vice president now directly owns 38,198 shares of the company’s stock, valued at $1,336,930. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jennifer M. Foyle sold 5,920 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $35.00, for a total transaction of $207,200.00. Following the completion of the transaction, the insider now directly owns 115,711 shares in the company, valued at $4,049,885. The disclosure for this sale can be found here. Insiders have sold 37,633 shares of company stock worth $1,305,920 over the last ninety days. Insiders own 8.20% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Cowen reissued a “buy” rating and set a $40.00 price target on shares of American Eagle Outfitters in a research note on Friday, September 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of American Eagle Outfitters from $43.00 to $45.00 and gave the company a “buy” rating in a report on Friday, September 3rd. Cfra cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating and decreased their price objective for the company from $37.00 to $28.00 in a report on Thursday, September 9th. Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $38.00 to $31.00 and set a “market perform” rating for the company in a report on Friday, September 3rd. Finally, Morgan Stanley restated a “hold” rating and set a $29.00 price objective on shares of American Eagle Outfitters in a report on Friday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $33.65.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc is a multi-brand specialty retailer, which offers an assortment of apparel and accessories for men and women under the American Eagle Outfitters brand, and intimates, apparel and personal care products for women under the Aerie brand. The firm operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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