Cipher Capital LP acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,010 shares of the apparel retailer’s stock, valued at approximately $229,000.

A number of other institutional investors have also modified their holdings of AEO. BlackRock Inc. raised 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 worth $249,355,000 after purchasing an additional 17,572,904 shares in the last quarter. RidgeWorth Capital Management LLC acquired a new stake in American Eagle Outfitters in the 1st quarter worth about $29,610,000. Hamlin Capital Management LLC raised 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 worth $69,137,000 after purchasing an additional 1,456,748 shares in the last quarter. Schroder Investment Management Group acquired a new stake in American Eagle Outfitters in the 1st quarter worth about $16,019,000. Finally, Mackay Shields LLC raised 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 worth $30,859,000 after purchasing an additional 1,034,486 shares in the last quarter. Institutional investors and hedge funds own 83.88% of the company’s stock.

Shares of American Eagle Outfitters, Inc. (NYSE AEO) opened at 12.27 on Tuesday. American Eagle Outfitters, Inc. has a one year low of $10.23 and a one year high of $19.02. The company’s 50 day moving average is $11.82 and its 200 day moving average is $12.65. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 12.60 and a beta of 1.07.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data 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 million for the quarter, compared to analysts’ expectations of $823.84 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. American Eagle Outfitters’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Equities research analysts predict that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Thursday, October 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is 51.55%.

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Several brokerages have weighed in on AEO. B. Riley reiterated a “neutral” rating and issued a $12.50 price objective on shares of American Eagle Outfitters in a research note on Tuesday, May 23rd. UBS AG reiterated a “neutral” rating and issued a $11.00 price objective (down previously from $17.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. Bank of America Corporation set a $12.00 price objective on shares of American Eagle Outfitters and gave the stock a “hold” rating in a research note on Friday, May 19th. SunTrust Banks, Inc. set a $15.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, FBR & Co reiterated a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of American Eagle Outfitters in a research note on Tuesday, September 5th. 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’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.84.

American Eagle Outfitters 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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