BlackRock Inc. Increases Stake in American Eagle Outfitters (AEO)

BlackRock Inc. grew its position in American Eagle Outfitters (NYSE:AEO) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 21,709,700 shares of the apparel retailer’s stock after acquiring an additional 508,052 shares during the period. BlackRock Inc. owned approximately 0.12% of American Eagle Outfitters worth $539,051,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in AEO. Cornerstone Wealth Management LLC acquired a new stake in American Eagle Outfitters during the third quarter worth about $273,000. First Quadrant L P CA boosted its position in American Eagle Outfitters by 660.9% during the third quarter. First Quadrant L P CA now owns 4,459 shares of the apparel retailer’s stock worth $111,000 after purchasing an additional 3,873 shares in the last quarter. MUFG Americas Holdings Corp boosted its position in American Eagle Outfitters by 99.3% during the second quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock worth $149,000 after purchasing an additional 3,193 shares in the last quarter. Meeder Asset Management Inc. boosted its position in American Eagle Outfitters by 86.0% during the third quarter. Meeder Asset Management Inc. now owns 7,488 shares of the apparel retailer’s stock worth $186,000 after purchasing an additional 3,462 shares in the last quarter. Finally, Stanley Laman Group Ltd. purchased a new position in American Eagle Outfitters during the third quarter worth approximately $204,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

AEO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research report on Monday, August 27th. They noted that the move was a valuation call. UBS Group increased their price target on American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Bank of America increased their price target on American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, Citigroup upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Friday, October 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. American Eagle Outfitters has a consensus rating of “Buy” and a consensus target price of $24.63.

NYSE AEO opened at $19.78 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 17.05, a PEG ratio of 1.39 and a beta of 0.78. American Eagle Outfitters has a 1-year low of $16.14 and a 1-year high of $29.88.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.78%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 47.41%.

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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 Outfitters 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.

Featured Story: Liquidity

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

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