Schroder Investment Management Group bought a new position in shares of American Eagle Outfitters (NYSE:AEO) during the first quarter, HoldingsChannel reports. The institutional investor bought 33,299 shares of the apparel retailer’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of American Eagle Outfitters by 5.8% in the first quarter. State Street Corp now owns 5,604,436 shares of the apparel retailer’s stock worth $44,555,000 after buying an additional 309,113 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of American Eagle Outfitters by 12.2% in the fourth quarter. Macquarie Group Ltd. now owns 4,148,699 shares of the apparel retailer’s stock worth $60,986,000 after buying an additional 452,518 shares during the last quarter. Platinum Investment Management Ltd. increased its stake in shares of American Eagle Outfitters by 34.3% in the fourth quarter. Platinum Investment Management Ltd. now owns 3,378,827 shares of the apparel retailer’s stock worth $49,669,000 after buying an additional 863,418 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of American Eagle Outfitters by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 3,371,973 shares of the apparel retailer’s stock worth $26,807,000 after buying an additional 281,727 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of American Eagle Outfitters by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,586,393 shares of the apparel retailer’s stock worth $38,020,000 after buying an additional 207,702 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Charles F. Kessler sold 35,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $10.50, for a total value of $367,500.00. Following the completion of the sale, the insider now owns 129,492 shares of the company’s stock, valued at $1,359,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles F. Kessler sold 70,000 shares of the company’s stock in a transaction dated Friday, April 3rd. The shares were sold at an average price of $6.87, for a total transaction of $480,900.00. Following the completion of the sale, the insider now directly owns 110,015 shares of the company’s stock, valued at $755,803.05. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

American Eagle Outfitters stock opened at $10.54 on Monday. The company has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $11.61. The firm has a market capitalization of $1.74 billion, a P/E ratio of 26.35 and a beta of 1.16. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.72 and a current ratio of 2.35. American Eagle Outfitters has a one year low of $6.53 and a one year high of $18.42.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, June 3rd. The apparel retailer reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.54). The firm had revenue of $551.70 million for the quarter, compared to the consensus estimate of $636.12 million. American Eagle Outfitters had a positive return on equity of 5.92% and a negative net margin of 2.68%. The firm’s revenue was down 37.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, sell-side analysts forecast that American Eagle Outfitters will post -0.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 23rd. Investors of record on Friday, April 9th will be issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Thursday, April 8th.

A number of analysts recently issued reports on AEO shares. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Thursday, June 4th. Deutsche Bank boosted their target price on shares of American Eagle Outfitters from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Cowen boosted their target price on shares of American Eagle Outfitters from $8.00 to $13.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Raymond James upgraded shares of American Eagle Outfitters from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group boosted their target price on shares of American Eagle Outfitters from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.28.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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

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