The Manufacturers Life Insurance Company lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 368,365 shares of the apparel retailer’s stock after selling 4,604 shares during the quarter. The Manufacturers Life Insurance Company owned 0.21% of American Eagle Outfitters worth $4,439,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in AEO. BlackRock Inc. grew its stake in American Eagle Outfitters by 8,781.1% in the 1st quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after acquiring an additional 17,572,904 shares during the period. Dimensional Fund Advisors LP grew its stake in American Eagle Outfitters by 30.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock valued at $87,008,000 after acquiring an additional 1,687,520 shares during the period. Hamlin Capital Management LLC grew its stake in American Eagle Outfitters by 34.0% in the 2nd quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock valued at $69,137,000 after acquiring an additional 1,456,748 shares during the period. Mackay Shields LLC grew its stake in American Eagle Outfitters by 67.8% in the 2nd quarter. Mackay Shields LLC now owns 2,560,914 shares of the apparel retailer’s stock valued at $30,859,000 after acquiring an additional 1,034,486 shares during the period. Finally, Hodges Capital Management Inc. grew its stake in American Eagle Outfitters by 87.1% in the 2nd quarter. Hodges Capital Management Inc. now owns 1,846,259 shares of the apparel retailer’s stock valued at $22,247,000 after acquiring an additional 859,270 shares during the period. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) opened at 13.02 on Wednesday. The company has a 50-day moving average of $13.58 and a 200 day moving average of $12.49. American Eagle Outfitters, Inc. has a one year low of $10.23 and a one year high of $19.00. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 13.37 and a beta of 1.10.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Thursday, October 5th. American Eagle Outfitters’s payout ratio is 51.55%.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total value of $191,970.00. Following the sale, the insider now directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.80% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on AEO. BMO Capital Markets set a $15.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, August 8th. Cowen and Company set a $14.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Buckingham Research reissued a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $12.00 price target (down previously from $13.00) on shares of American Eagle Outfitters in a research note on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $14.61.

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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.

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

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