Eaton Vance Management continued to hold its stake in American Eagle Outfitters Inc. (NYSE:AEO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,000 shares of the apparel retailer’s stock at the end of the second quarter. Eaton Vance Management owned 0.09% of American Eagle Outfitters worth $2,644,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Invictus RG bought a new stake in American Eagle Outfitters during the first quarter worth about $105,000. Smith Asset Management Group LP boosted its stake in American Eagle Outfitters by 8,589.7% in the second quarter. Smith Asset Management Group LP now owns 6,778 shares of the apparel retailer’s stock worth $108,000 after buying an additional 6,700 shares in the last quarter. Huntington National Bank bought a new stake in American Eagle Outfitters during the second quarter worth about $129,000. Canada Pension Plan Investment Board boosted its stake in American Eagle Outfitters by 27.1% in the first quarter. Canada Pension Plan Investment Board now owns 8,900 shares of the apparel retailer’s stock worth $148,000 after buying an additional 1,900 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in American Eagle Outfitters by 66.7% in the second quarter. LS Investment Advisors LLC now owns 10,155 shares of the apparel retailer’s stock worth $162,000 after buying an additional 4,063 shares in the last quarter. 95.02% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Inc. (NYSE:AEO) traded down 0.54% during midday trading on Thursday, reaching $18.30. The company had a trading volume of 1,477,243 shares. The firm’s 50-day moving average price is $18.52 and its 200 day moving average price is $16.51. American Eagle Outfitters Inc. has a 12 month low of $12.78 and a 12 month high of $19.55. The firm has a market capitalization of $3.33 billion, a PE ratio of 14.56 and a beta of 0.72.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. American Eagle Outfitters had a return on equity of 21.00% and a net margin of 6.61%. The firm had revenue of $823 million for the quarter, compared to the consensus estimate of $818.10 million. During the same period in the prior year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts anticipate that American Eagle Outfitters Inc. will post $1.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.50 annualized dividend and a yield of 2.72%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%.

A number of research firms recently issued reports on AEO. B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of American Eagle Outfitters in a research note on Thursday, August 18th. Jefferies Group reissued a “buy” rating on shares of American Eagle Outfitters in a research note on Sunday, September 4th. Mizuho lifted their price target on shares of American Eagle Outfitters from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, August 17th. Citigroup Inc. lifted their price target on shares of American Eagle Outfitters from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Finally, Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $19.17.

In other news, COO Michael R. Rempell sold 50,826 shares of the firm’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $18.84, for a total value of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares in the company, valued at approximately $1,998,490.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Michael R. Rempell sold 83,141 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $18.68, for a total value of $1,553,073.88. Following the completion of the transaction, the chief operating officer now owns 196,868 shares in the company, valued at $3,677,494.24. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

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