JPMorgan Chase & Co. cut its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,263,131 shares of the apparel retailer’s stock after selling 836,678 shares during the quarter. JPMorgan Chase & Co. owned 2.97% of American Eagle Outfitters worth $63,421,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Parkwood LLC boosted its stake in shares of American Eagle Outfitters by 26.6% in the first quarter. Parkwood LLC now owns 17,737 shares of the apparel retailer’s stock valued at $249,000 after buying an additional 3,727 shares in the last quarter. Soros Fund Management LLC purchased a new stake in shares of American Eagle Outfitters in the first quarter valued at approximately $556,000. HighTower Advisors LLC boosted its stake in shares of American Eagle Outfitters by 2.0% in the first quarter. HighTower Advisors LLC now owns 14,893 shares of the apparel retailer’s stock valued at $210,000 after buying an additional 290 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of American Eagle Outfitters by 85.8% in the first quarter. Envestnet Asset Management Inc. now owns 30,818 shares of the apparel retailer’s stock valued at $432,000 after buying an additional 14,230 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of American Eagle Outfitters by 1.0% in the first quarter. Nationwide Fund Advisors now owns 393,026 shares of the apparel retailer’s stock valued at $5,514,000 after buying an additional 3,841 shares in the last quarter. Hedge funds and other institutional investors own 83.88% of the company’s stock.

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) opened at 12.27 on Tuesday. The stock has a 50 day moving average price of $11.82 and a 200-day moving average price of $12.65. American Eagle Outfitters, Inc. has a 12 month low of $10.23 and a 12 month high of $19.02. The stock has a market cap of $2.17 billion, a P/E ratio of 12.60 and a beta of 1.07.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $845 million during the quarter, compared to analyst estimates of $823.84 million. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, analysts forecast that American Eagle Outfitters, Inc. will post $1.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.125 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.07%. American Eagle Outfitters’s payout ratio is currently 51.55%.

TRADEMARK VIOLATION WARNING: “JPMorgan Chase & Co. Has $63.42 Million Position in American Eagle Outfitters, Inc. (AEO)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/09/12/jpmorgan-chase-co-has-63-42-million-position-in-american-eagle-outfitters-inc-aeo.html.

AEO has been the topic of a number of analyst reports. B. Riley restated a “neutral” rating and issued a $12.50 price target on shares of American Eagle Outfitters in a research note on Thursday, May 18th. Cowen and Company set a $14.00 price target on American Eagle Outfitters and gave the company a “buy” rating in a research note on Wednesday, August 23rd. SunTrust Banks, Inc. restated a “buy” rating and issued a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research note on Friday, May 19th. FBR & Co restated a “buy” rating and issued a $15.00 price target (up from $13.00) on shares of American Eagle Outfitters in a research note on Tuesday, September 5th. Finally, ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. American Eagle Outfitters has an average rating of “Hold” and an average target price 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.

Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters, Inc. (NYSE:AEO).

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

Receive News & Stock Ratings for American Eagle Outfitters Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters Inc. and related stocks with our FREE daily email newsletter.