Dark Forest Capital Management LP Takes $1.04 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Dark Forest Capital Management LP bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,067 shares of the apparel retailer's stock, valued at approximately $1,039,000.

Several other large investors also recently made changes to their positions in AEO. Los Angeles Capital Management LLC purchased a new position in American Eagle Outfitters in the first quarter valued at about $3,457,000. Seven Eight Capital LP bought a new position in shares of American Eagle Outfitters during the first quarter worth about $1,445,000. Bayesian Capital Management LP bought a new stake in American Eagle Outfitters in the 1st quarter valued at about $598,000. Boulder Hill Capital Management LP bought a new position in American Eagle Outfitters in the 4th quarter worth about $2,254,000. Finally, Capstone Investment Advisors LLC acquired a new stake in American Eagle Outfitters in the 4th quarter valued at approximately $830,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AEO shares. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Monday, September 2nd. UBS Group lowered their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, August 30th. TD Cowen reduced their price target on American Eagle Outfitters from $25.00 to $23.00 and set a "hold" rating for the company in a report on Friday, August 30th. Telsey Advisory Group reiterated a "market perform" rating and issued a $25.00 target price on shares of American Eagle Outfitters in a research note on Thursday, August 29th. Finally, Morgan Stanley decreased their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.00.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock traded up $0.33 during trading hours on Thursday, hitting $21.02. The company's stock had a trading volume of 2,982,341 shares, compared to its average volume of 4,614,640. American Eagle Outfitters, Inc. has a 12 month low of $15.25 and a 12 month high of $26.44. The company has a market capitalization of $4.04 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. The stock has a 50 day moving average of $20.66 and a 200 day moving average of $21.97.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. Equities analysts expect that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 30th. Shareholders of record on Friday, October 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.50 annualized dividend and a dividend yield of 2.38%. American Eagle Outfitters's dividend payout ratio is currently 45.05%.

Insider Activity at American Eagle Outfitters

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

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.