M&T Bank Corp lessened its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 62.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,942 shares of the apparel retailer’s stock after selling 20,050 shares during the quarter. M&T Bank Corp’s holdings in American Eagle Outfitters were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northern Trust Corp raised its holdings in American Eagle Outfitters by 4.0% in the 2nd quarter. Northern Trust Corp now owns 3,300,280 shares of the apparel retailer’s stock valued at $39,768,000 after buying an additional 128,068 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in American Eagle Outfitters by 8.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 142,636 shares of the apparel retailer’s stock valued at $1,719,000 after buying an additional 10,876 shares during the last quarter. Verity Asset Management Inc. raised its holdings in American Eagle Outfitters by 237.8% in the 2nd quarter. Verity Asset Management Inc. now owns 36,588 shares of the apparel retailer’s stock valued at $441,000 after buying an additional 25,756 shares during the last quarter. Kempen Capital Management N.V. bought a new position in American Eagle Outfitters in the 2nd quarter valued at approximately $2,414,000. Finally, Thrivent Financial For Lutherans raised its holdings in American Eagle Outfitters by 3.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 33,580 shares of the apparel retailer’s stock valued at $405,000 after buying an additional 1,230 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

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Shares of American Eagle Outfitters, Inc. (NYSE:AEO) opened at 12.81 on Wednesday. American Eagle Outfitters, Inc. has a 12 month low of $10.23 and a 12 month high of $19.00. The firm has a market cap of $2.27 billion, a P/E ratio of 13.15 and a beta of 1.10. The stock’s 50 day moving average is $13.28 and its 200 day moving average is $12.51.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $823.84 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that American Eagle Outfitters, Inc. will post $1.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be paid a $0.125 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.50 annualized dividend and a yield of 3.90%. American Eagle Outfitters’s payout ratio is 51.55%.

A number of research analysts recently issued reports on AEO shares. BidaskClub upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BMO Capital Markets set a $15.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of American Eagle Outfitters in a report on Monday, July 24th. Finally, Jefferies Group LLC set a $18.00 price objective on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.61.

In related news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction on 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 $391,490.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.80% of the stock is owned by corporate insiders.

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.

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

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