BlackRock Inc. raised its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 6.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 91,094 shares of the apparel retailer’s stock after buying an additional 5,681 shares during the period. BlackRock Inc. owned about 0.05% of American Eagle Outfitters worth $1,627,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Invictus RG boosted its position in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 449 shares during the period. Smith Asset Management Group LP boosted its position 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 valued at $108,000 after buying an additional 6,700 shares during the period. LS Investment Advisors LLC boosted its position 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 valued at $162,000 after buying an additional 4,063 shares during the period. Round Table Services LLC boosted its position in American Eagle Outfitters by 8.8% in the second quarter. Round Table Services LLC now owns 11,260 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 915 shares during the period. Finally, Ronald Blue & Co. LLC acquired a new position in American Eagle Outfitters during the third quarter valued at $202,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

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

American Eagle Outfitters, Inc. (NYSE:AEO) traded up 0.46% during mid-day trading on Friday, hitting $15.21. The stock had a trading volume of 2,132,335 shares. American Eagle Outfitters, Inc. has a 12 month low of $12.78 and a 12 month high of $19.55. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 11.81 and a beta of 0.84. The firm’s 50-day moving average is $16.31 and its 200 day moving average is $17.34.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, November 30th. The apparel retailer reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company earned $941 million during the quarter, compared to analysts’ expectations of $940.94 million. American Eagle Outfitters had a return on equity of 21.77% and a net margin of 6.62%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Equities analysts anticipate that American Eagle Outfitters, Inc. will post $1.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.29%. The ex-dividend date was Wednesday, December 14th. American Eagle Outfitters’s payout ratio is 39.06%.

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Several research firms have recently weighed in on AEO. Stifel Nicolaus set a $20.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, December 1st. B. Riley reiterated a “buy” rating and set a $22.00 price objective on shares of American Eagle Outfitters in a report on Tuesday, December 6th. BMO Capital Markets set a $21.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a research note on Wednesday, November 30th. Vetr upgraded American Eagle Outfitters from a “buy” rating to a “strong-buy” rating and set a $19.52 target price on the stock in a research note on Tuesday, December 13th. Finally, Mizuho cut their target price on American Eagle Outfitters from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, January 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.56.

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.

5 Day Chart for NYSE:AEO

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