O Shares Investment Advisers LLC trimmed its position in shares of American Eagle Outfitters (NYSE:AEO) by 10.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 24,691 shares of the apparel retailer’s stock after selling 2,849 shares during the quarter. O Shares Investment Advisers LLC’s holdings in American Eagle Outfitters were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in American Eagle Outfitters by 1.5% during the first quarter. Envestnet Asset Management Inc. now owns 47,046 shares of the apparel retailer’s stock valued at $1,043,000 after acquiring an additional 705 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of American Eagle Outfitters by 8.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,518 shares of the apparel retailer’s stock valued at $223,000 after purchasing an additional 854 shares during the period. Mason Street Advisors LLC grew its stake in shares of American Eagle Outfitters by 1.0% in the 1st quarter. Mason Street Advisors LLC now owns 89,130 shares of the apparel retailer’s stock valued at $1,976,000 after purchasing an additional 871 shares during the period. Sowell Financial Services LLC grew its stake in shares of American Eagle Outfitters by 8.3% in the 4th quarter. Sowell Financial Services LLC now owns 11,447 shares of the apparel retailer’s stock valued at $221,000 after purchasing an additional 873 shares during the period. Finally, Oakbrook Investments LLC grew its stake in shares of American Eagle Outfitters by 9.3% in the 1st quarter. Oakbrook Investments LLC now owns 11,700 shares of the apparel retailer’s stock valued at $259,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

In other American Eagle Outfitters news, insider Charles F. Kessler sold 3,573 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $23.00, for a total transaction of $82,179.00. Following the transaction, the insider now owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jennifer M. Foyle sold 117,051 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $23.53, for a total value of $2,754,210.03. Following the transaction, the insider now directly owns 144,228 shares in the company, valued at approximately $3,393,684.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,820 shares of company stock worth $3,151,706. 6.30% of the stock is owned by corporate insiders.

NYSE AEO traded down $0.15 during trading hours on Wednesday, reaching $16.72. 72,494 shares of the company’s stock were exchanged, compared to its average volume of 4,132,716. The firm has a market cap of $2.89 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.07. American Eagle Outfitters has a one year low of $16.73 and a one year high of $29.88. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.46 and a quick ratio of 0.76.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $886.29 million for the quarter, compared to analyst estimates of $855.55 million. American Eagle Outfitters had a return on equity of 20.80% and a net margin of 6.41%. American Eagle Outfitters’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. As a group, equities analysts expect that American Eagle Outfitters will post 1.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be given a dividend of $0.1375 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.55 dividend on an annualized basis and a yield of 3.29%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.

Several equities research analysts have recently weighed in on the company. Wedbush lowered American Eagle Outfitters from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 9th. Zacks Investment Research lowered American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. ValuEngine lowered American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Tuesday. Royal Bank of Canada lowered American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 price objective on the stock. in a research note on Thursday, May 9th. They noted that the move was a valuation call. Finally, Jefferies Financial Group set a $28.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research note on Thursday, March 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $24.45.

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American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

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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 (NYSE:AEO).

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

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