Los Angeles Capital Management & Equity Research Inc. reduced its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 47,728 shares of the apparel retailer’s stock after selling 1,300 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in American Eagle Outfitters were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Loomis Sayles & Co. L P boosted its position in American Eagle Outfitters by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 11,923 shares of the apparel retailer’s stock valued at $190,000 after buying an additional 100 shares during the period. First Citizens Bank & Trust Co. boosted its position in American Eagle Outfitters by 0.8% in the third quarter. First Citizens Bank & Trust Co. now owns 22,549 shares of the apparel retailer’s stock valued at $403,000 after buying an additional 176 shares during the period. Ameritas Investment Partners Inc. boosted its position in American Eagle Outfitters by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 39,300 shares of the apparel retailer’s stock valued at $626,000 after buying an additional 204 shares during the period. 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. Finally, BLB&B Advisors LLC boosted its position in American Eagle Outfitters by 0.7% in the third quarter. BLB&B Advisors LLC now owns 75,983 shares of the apparel retailer’s stock valued at $1,357,000 after buying an additional 504 shares during the period. Hedge funds and other institutional investors 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 trading on Friday, reaching $15.21. 2,132,335 shares of the company’s stock traded hands. 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 cap of $2.77 billion, a PE ratio of 11.81 and a beta of 0.84. The firm has a 50 day moving average price of $16.28 and a 200-day moving average price of $17.33.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Wednesday, December 14th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 39.06%.

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Several research analysts recently commented on AEO shares. BlueFin Research reiterated an “outperform” rating and issued a $22.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, September 28th. BMO Capital Markets upgraded American Eagle Outfitters from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $18.00 to $21.00 in a research note on Monday, October 10th. They noted that the move was a valuation call. Zacks Investment Research cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Vetr cut American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $19.96 price target on the stock. in a research note on Monday, November 14th. Finally, Wolfe Research cut American Eagle Outfitters from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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