American Eagle Outfitters, Inc. (AEO) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 18.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,206 shares of the apparel retailer’s stock after selling 49,700 shares during the period. Alliancebernstein L.P. owned 0.12% of American Eagle Outfitters worth $2,593,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. AXA grew its stake in American Eagle Outfitters by 4.1% during the second quarter. AXA now owns 95,400 shares of the apparel retailer’s stock valued at $1,150,000 after acquiring an additional 3,800 shares in the last quarter. South Dakota Investment Council grew its stake in American Eagle Outfitters by 21.2% during the second quarter. South Dakota Investment Council now owns 71,500 shares of the apparel retailer’s stock valued at $862,000 after acquiring an additional 12,500 shares in the last quarter. CIBC World Markets Inc. grew its stake 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 acquiring an additional 63 shares in the last quarter. Engineers Gate Manager LP purchased a new position in American Eagle Outfitters during the second quarter valued at $2,016,000. Finally, Kennedy Capital Management Inc. grew its stake in American Eagle Outfitters by 78.2% during the second quarter. Kennedy Capital Management Inc. now owns 226,451 shares of the apparel retailer’s stock valued at $2,729,000 after acquiring an additional 99,388 shares in the last quarter. 83.87% of the stock is owned by institutional investors.

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) opened at 13.03 on Friday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 13.38 and a beta of 1.10. The company’s 50-day moving average is $13.25 and its 200-day moving average is $12.54. American Eagle Outfitters, Inc. has a one year low of $10.23 and a one year high of $19.00.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 3.84%. American Eagle Outfitters’s payout ratio is currently 51.55%.

Several equities analysts recently weighed in on AEO shares. Royal Bank Of Canada set a $14.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Monday, June 19th. BidaskClub upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research 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 research report on Thursday, July 6th. 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 research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, ten have given 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 target price of $14.61.

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 13,500 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $14.22, for a total value of $191,970.00. Following the transaction, the insider now owns 27,531 shares of the company’s stock, valued at $391,490.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.80% of the company’s stock.

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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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