Vanguard Group Inc. cut its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 15.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,835,676 shares of the apparel retailer’s stock after selling 2,564,298 shares during the quarter. Vanguard Group Inc. owned 7.82% of American Eagle Outfitters worth $166,720,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American Eagle Outfitters by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the period. Ronald Blue & Co. LLC boosted its holdings in American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock valued at $126,000 after purchasing an additional 311 shares during the period. FNY Managed Accounts LLC purchased a new position in American Eagle Outfitters in the first quarter valued at $147,000. CIBC World Markets Inc. boosted its holdings in American Eagle Outfitters by 0.6% in the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in American Eagle Outfitters by 91.1% in the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after purchasing an additional 5,282 shares during the period. 83.76% of the stock is owned by institutional investors and hedge funds.
In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the transaction, the insider now owns 27,531 shares of the company’s stock, valued at $391,490.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.80% of the company’s stock.
American Eagle Outfitters, Inc. (AEO) opened at 13.76 on Friday. The company has a 50-day moving average price of $13.46 and a 200 day moving average price of $12.50. The firm has a market cap of $2.44 billion, a PE ratio of 14.13 and a beta of 1.10. American Eagle Outfitters, Inc. has a 12 month low of $10.23 and a 12 month high of $19.00.
American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm had revenue of $845.00 million for the quarter, compared to analysts’ expectations of $823.84 million. During the same quarter last year, the company posted $0.23 earnings per share. American Eagle Outfitters’s revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post $1.13 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 3.63%. American Eagle Outfitters’s dividend payout ratio is currently 51.55%.
A number of research firms recently issued reports on AEO. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, October 10th. Cowen and Company reiterated an “outperform” rating and issued a $16.00 target price (up from $14.00) on shares of American Eagle Outfitters in a report on Monday, October 2nd. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a report on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $15.00 target price on shares of American Eagle Outfitters in a report on Wednesday, September 13th. Finally, Jefferies Group LLC set a $18.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a report on Sunday, September 10th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.61.
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American Eagle Outfitters Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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