UBS Asset Management Americas Inc. cut its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,168 shares of the apparel retailer’s stock after selling 9,622 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.06% of American Eagle Outfitters worth $1,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AEO. SG Americas Securities LLC raised its stake in American Eagle Outfitters by 106.9% during the 1st quarter. SG Americas Securities LLC now owns 25,242 shares of the apparel retailer’s stock valued at $354,000 after acquiring an additional 393,669 shares during the last quarter. Victory Capital Management Inc. acquired a new position in American Eagle Outfitters during the 1st quarter worth approximately $439,000. United Services Automobile Association increased its position in American Eagle Outfitters by 28.5% during the 1st quarter. United Services Automobile Association now owns 30,410 shares of the apparel retailer’s stock worth $427,000 after purchasing an additional 6,740 shares during the period. OppenheimerFunds Inc. increased its position in American Eagle Outfitters by 44.3% during the 1st quarter. OppenheimerFunds Inc. now owns 65,647 shares of the apparel retailer’s stock worth $921,000 after purchasing an additional 20,163 shares during the period. Finally, Principal Financial Group Inc. increased its position in American Eagle Outfitters by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 697,605 shares of the apparel retailer’s stock worth $9,787,000 after purchasing an additional 14,633 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters, Inc. (NYSE AEO) opened at 13.50 on Friday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 13.86 and a beta of 1.10. The company has a 50 day moving average price of $13.36 and a 200 day moving average price of $12.49. American Eagle Outfitters, Inc. has a 12 month low of $10.23 and a 12 month high of $19.00.

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 consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. 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 company posted $0.23 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts predict 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 was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Thursday, October 5th. American Eagle Outfitters’s payout ratio is 51.55%.

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Several equities analysts have issued reports on the company. BMO Capital Markets set a $15.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Cowen and Company set a $14.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. set a $13.00 target price on American Eagle Outfitters and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, October 10th. Finally, Buckingham Research reiterated a “neutral” rating on shares of American Eagle Outfitters in a research report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.61.

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

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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