Lotus Technology Management LP Purchases New Holdings in American Eagle Outfitters, Inc. $AEO

Lotus Technology Management LP acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 74,685 shares of the apparel retailer’s stock, valued at approximately $1,285,000. American Eagle Outfitters comprises 1.6% of Lotus Technology Management LP’s portfolio, making the stock its 21st largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in shares of American Eagle Outfitters in the second quarter valued at approximately $1,283,000. Hsbc Holdings PLC purchased a new stake in shares of American Eagle Outfitters during the second quarter worth approximately $1,456,000. Canada Pension Plan Investment Board acquired a new stake in shares of American Eagle Outfitters during the second quarter worth $7,518,000. Legal & General Group Plc acquired a new stake in shares of American Eagle Outfitters during the second quarter worth $6,674,000. Finally, The Manufacturers Life Insurance Company purchased a new position in American Eagle Outfitters in the 2nd quarter valued at $1,346,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America restated an “underperform” rating and set a $16.00 price objective on shares of American Eagle Outfitters in a research report on Friday, August 14th. William Blair reaffirmed a “buy” rating on shares of American Eagle Outfitters in a report on Wednesday, July 15th. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a research note on Monday, June 1st. Telsey Advisory Group reduced their price objective on shares of American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 29th. Finally, Barclays lowered their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.09.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 2,892 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,563 shares of company stock valued at $196,599 in the last quarter. 8.95% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $16.71 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a 52-week low of $12.11 and a 52-week high of $28.46. The company has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $18.20. The company has a market capitalization of $2.80 billion, a PE ratio of 10.32, a P/E/G ratio of 3.68 and a beta of 1.32.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm earned ($0.29) earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. American Eagle Outfitters’s payout ratio is 30.86%.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.