Vanguard Group Inc. cut its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 15.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,835,676 shares of the apparel retailer’s stock after selling 2,564,298 shares during the quarter. Vanguard Group Inc. owned approximately 7.82% of American Eagle Outfitters worth $166,720,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American Eagle Outfitters by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,533 shares of the apparel retailer’s stock valued at $103,000 after purchasing an additional 729 shares during the last quarter. Ronald Blue & Co. LLC lifted its holdings in American Eagle Outfitters by 3.1% during the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock valued at $126,000 after purchasing an additional 311 shares during the last quarter. CIBC World Markets Inc. lifted its holdings in American Eagle Outfitters by 0.6% during the second quarter. CIBC World Markets Inc. now owns 11,035 shares of the apparel retailer’s stock valued at $133,000 after purchasing an additional 63 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in American Eagle Outfitters by 91.1% during the second quarter. Riverhead Capital Management LLC now owns 11,082 shares of the apparel retailer’s stock valued at $134,000 after purchasing an additional 5,282 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in American Eagle Outfitters during the first quarter valued at about $147,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

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In other news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the transaction, the insider now owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.80% of the company’s stock.

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) opened at 12.97 on Thursday. The stock’s 50 day moving average price is $13.30 and its 200-day moving average price is $12.49. American Eagle Outfitters, Inc. has a 1-year low of $10.23 and a 1-year high of $19.00. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 13.32 and a beta of 1.10.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $845.00 million for the quarter, compared to the consensus estimate of $823.84 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Thursday, October 5th. American Eagle Outfitters’s payout ratio is 51.55%.

Several equities research analysts have commented on AEO shares. FBR & Co reaffirmed a “buy” rating and set a $15.00 price objective (up from $13.00) on shares of American Eagle Outfitters in a report on Tuesday, September 5th. BMO Capital Markets set a $15.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, July 6th. Jefferies Group LLC set a $18.00 price target on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Sunday, September 10th. Zacks Investment Research raised shares of American Eagle Outfitters from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 price target on shares of American Eagle Outfitters in a report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and a consensus target price of $14.61.

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.

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

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