Northwestern Mutual Investment Management Company LLC lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,731 shares of the apparel retailer’s stock after selling 732 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in American Eagle Outfitters were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AEO. Capstone Asset Management Co. grew its holdings in shares of American Eagle Outfitters by 0.4% in the 1st quarter. Capstone Asset Management Co. now owns 15,667 shares of the apparel retailer’s stock worth $220,000 after purchasing an additional 60 shares during the last quarter. Glen Harbor Capital Management LLC grew its holdings in shares of American Eagle Outfitters by 2.2% in the 1st quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 154 shares during the last quarter. Ifrah Financial Services Inc. grew its holdings in shares of American Eagle Outfitters by 0.5% in the 2nd quarter. Ifrah Financial Services Inc. now owns 34,282 shares of the apparel retailer’s stock worth $413,000 after purchasing an additional 177 shares during the last quarter. Elkfork Partners LLC grew its holdings in shares of American Eagle Outfitters by 2.2% in the 1st quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after purchasing an additional 196 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of American Eagle Outfitters by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 43,400 shares of the apparel retailer’s stock worth $523,000 after purchasing an additional 200 shares during the last quarter. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

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American Eagle Outfitters, Inc. (AEO) opened at 13.36 on Friday. The firm has a market capitalization of $2.37 billion, a P/E ratio of 13.72 and a beta of 1.07. American Eagle Outfitters, Inc. has a 52-week low of $10.23 and a 52-week high of $19.02. The firm’s 50-day moving average is $11.97 and its 200-day moving average is $12.64.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $845.00 million for the quarter, compared to analysts’ expectations of $823.84 million. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. On average, equities analysts expect that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Thursday, October 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 51.55%.

Several equities research analysts have recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and issued a $11.00 target price (down previously from $17.00) on shares of American Eagle Outfitters in a report on Friday, May 19th. B. Riley reaffirmed a “neutral” rating and issued a $12.50 target price on shares of American Eagle Outfitters in a report on Tuesday, May 23rd. BMO Capital Markets set a $15.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC set a $18.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Sunday, September 10th. Finally, Cowen and Company set a $14.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.84.

About American Eagle Outfitters

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

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