BNP Paribas Arbitrage SA Has $3.55 Million Stock Position in American Eagle Outfitters (NYSE:AEO)

BNP Paribas Arbitrage SA grew its position in American Eagle Outfitters (NYSE:AEO) by 46.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 210,192 shares of the apparel retailer’s stock after buying an additional 66,591 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.12% of American Eagle Outfitters worth $3,552,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Federated Investors Inc. PA grew its holdings in shares of American Eagle Outfitters by 64.6% in the 1st quarter. Federated Investors Inc. PA now owns 666,542 shares of the apparel retailer’s stock valued at $14,777,000 after buying an additional 261,578 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at $2,771,000. Kennedy Capital Management Inc. grew its holdings in shares of American Eagle Outfitters by 1.7% in the 1st quarter. Kennedy Capital Management Inc. now owns 457,433 shares of the apparel retailer’s stock valued at $10,141,000 after buying an additional 7,745 shares during the period. Valeo Financial Advisors LLC grew its holdings in shares of American Eagle Outfitters by 693.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,680 shares of the apparel retailer’s stock valued at $62,000 after buying an additional 3,216 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of American Eagle Outfitters in the 1st quarter valued at $66,000. 91.19% of the stock is owned by institutional investors.

AEO opened at $14.79 on Friday. The stock has a market capitalization of $2.68 billion, a P/E ratio of 9.99, a P/E/G ratio of 1.48 and a beta of 0.96. American Eagle Outfitters has a 12 month low of $14.52 and a 12 month high of $29.88. The firm’s fifty day simple moving average is $16.94 and its 200 day simple moving average is $19.60. The company has a current ratio of 1.46, a quick ratio of 0.76 and a debt-to-equity ratio of 1.07.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. The business had revenue of $886.29 million for the quarter, compared to analysts’ expectations of $855.55 million. American Eagle Outfitters had a net margin of 6.41% and a return on equity of 20.80%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts predict that American Eagle Outfitters will post 1.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were given a dividend of $0.1375 per share. The ex-dividend date was Thursday, July 11th. This represents a $0.55 annualized dividend and a yield of 3.72%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.

Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of American Eagle Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. UBS Group set a $26.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a research report on Friday, June 21st. Wedbush cut their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, June 6th. Zacks Investment Research raised shares of American Eagle Outfitters from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research report on Monday, May 27th. Finally, Royal Bank of Canada cut shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price objective on the stock. in a research report on Thursday, May 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $23.73.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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

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