Verity Asset Management Inc. increased its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 237.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,588 shares of the apparel retailer’s stock after acquiring an additional 25,756 shares during the period. Verity Asset Management Inc.’s holdings in American Eagle Outfitters were worth $441,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes 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 acquiring an additional 60 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of American Eagle Outfitters by 327.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 23,960 shares of the apparel retailer’s stock worth $336,000 after acquiring an additional 18,360 shares during the period. 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 acquiring an additional 154 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of American Eagle Outfitters by 1.3% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 60,575 shares of the apparel retailer’s stock worth $850,000 after acquiring an additional 800 shares during the period. Finally, State Treasurer State of Michigan grew its holdings in shares of American Eagle Outfitters by 0.9% in the 1st quarter. State Treasurer State of Michigan now owns 69,475 shares of the apparel retailer’s stock worth $975,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 83.88% of the company’s stock.

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) traded down 0.07% on Friday, hitting $13.33. The company’s stock had a trading volume of 5,561,518 shares. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 13.69 and a beta of 1.07. The stock’s 50 day moving average is $12.01 and its 200-day moving average is $12.62. American Eagle Outfitters, Inc. has a 52 week low of $10.23 and a 52 week high of $19.00.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $845.00 million during the quarter, compared to analyst estimates of $823.84 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. On average, equities research analysts anticipate that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, October 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 51.55%.

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A number of equities research analysts recently weighed in on AEO shares. BMO Capital Markets restated a “buy” rating and issued a $15.00 price target on shares of American Eagle Outfitters in a report on Wednesday. Cowen and Company set a $14.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Wednesday, August 23rd. SunTrust Banks, Inc. set a $15.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, August 24th. FBR & Co restated a “buy” rating and issued a $15.00 price target (up previously from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. Finally, ValuEngine cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and an average price target of $14.84.

American Eagle Outfitters Company Profile

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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