Lombard Odier Asset Management USA Corp Has $10.69 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Lombard Odier Asset Management USA Corp lessened its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 18.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,480 shares of the apparel retailer’s stock after selling 84,520 shares during the quarter. American Eagle Outfitters comprises 0.4% of Lombard Odier Asset Management USA Corp’s investment portfolio, making the stock its 19th biggest position. Lombard Odier Asset Management USA Corp owned 0.22% of American Eagle Outfitters worth $10,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in American Eagle Outfitters during the first quarter worth about $29,000. Captrust Financial Advisors raised its stake in American Eagle Outfitters by 261.4% during the first quarter. Captrust Financial Advisors now owns 1,066 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 771 shares in the last quarter. Carroll Financial Associates Inc. acquired a new position in American Eagle Outfitters during the first quarter worth about $32,000. Harvest Fund Management Co. Ltd raised its stake in American Eagle Outfitters by 57.0% during the first quarter. Harvest Fund Management Co. Ltd now owns 4,354 shares of the apparel retailer’s stock worth $127,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in American Eagle Outfitters during the fourth quarter worth about $147,000.

In other news, EVP Stacy Siegal sold 26,291 shares of the firm’s stock in a transaction on Friday, April 23rd. The stock was sold at an average price of $37.93, for a total transaction of $997,217.63. Following the completion of the sale, the executive vice president now directly owns 40,322 shares of the company’s stock, valued at approximately $1,529,413.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven A. Davis bought 4,000 shares of the firm’s stock in a transaction dated Friday, June 4th. The shares were acquired at an average cost of $32.45 per share, with a total value of $129,800.00. Following the completion of the transaction, the director now owns 4,000 shares in the company, valued at $129,800. The disclosure for this purchase can be found here. 8.20% of the stock is owned by company insiders.

Several research analysts have recently issued reports on AEO shares. Royal Bank of Canada started coverage on American Eagle Outfitters in a research note on Friday, April 23rd. They issued an “outperform” rating and a $37.00 price objective for the company. Barclays upped their price objective on American Eagle Outfitters from $33.00 to $41.00 and gave the company an “overweight” rating in a research note on Thursday, April 15th. Zacks Investment Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating and set a $37.00 price objective for the company. in a research note on Tuesday, June 15th. Morgan Stanley upped their price objective on American Eagle Outfitters from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 1st. Finally, BMO Capital Markets upped their price objective on American Eagle Outfitters from $26.00 to $36.00 and gave the company a “market perform” rating in a research note on Thursday, April 15th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $34.19.

Shares of American Eagle Outfitters stock traded down $0.67 on Thursday, reaching $34.56. 45,699 shares of the company’s stock were exchanged, compared to its average volume of 4,468,836. The firm has a market cap of $5.80 billion, a P/E ratio of 48.93 and a beta of 1.47. American Eagle Outfitters, Inc. has a 52 week low of $9.25 and a 52 week high of $38.99. The business has a 50-day moving average price of $35.16. The company has a quick ratio of 1.38, a current ratio of 2.01 and a debt-to-equity ratio of 0.28.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Tuesday, May 25th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. American Eagle Outfitters had a return on equity of 21.66% and a net margin of 3.38%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Sell-side analysts forecast that American Eagle Outfitters, Inc. will post 2.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 23rd. Investors of record on Friday, July 9th will be issued a $0.18 dividend. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, July 8th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 360.00%.

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 provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, 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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