Amalgamated Bank Has $280,000 Holdings in American Eagle Outfitters, Inc. (AEO)

Amalgamated Bank raised its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,261 shares of the apparel retailer’s stock after purchasing an additional 252 shares during the period. Amalgamated Bank’s holdings in American Eagle Outfitters were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AEO. BlackRock Inc. increased its stake in shares of American Eagle Outfitters by 8,781.1% during the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after purchasing an additional 17,572,904 shares in the last quarter. Hamlin Capital Management LLC grew its holdings in shares of American Eagle Outfitters by 34.0% during the second quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock valued at $69,137,000 after buying an additional 1,456,748 shares during the last quarter. Mackay Shields LLC grew its holdings in shares of American Eagle Outfitters by 67.8% during the second quarter. Mackay Shields LLC now owns 2,560,914 shares of the apparel retailer’s stock valued at $30,859,000 after buying an additional 1,034,486 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of American Eagle Outfitters by 87.1% during the second quarter. Hodges Capital Management Inc. now owns 1,846,259 shares of the apparel retailer’s stock valued at $22,247,000 after buying an additional 859,270 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in shares of American Eagle Outfitters by 32.1% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 2,259,340 shares of the apparel retailer’s stock valued at $27,225,000 after buying an additional 549,183 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters, Inc. (NYSE AEO) opened at 13.14 on Thursday. The stock has a market capitalization of $2.33 billion, a PE ratio of 13.49 and a beta of 1.10. American Eagle Outfitters, Inc. has a 52 week low of $10.23 and a 52 week high of $19.00. The firm has a 50 day moving average of $13.22 and a 200-day moving average of $12.53.

American Eagle Outfitters (NYSE:AEO) last issued 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. The business had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. On average, equities analysts predict that American Eagle Outfitters, Inc. will post $1.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, October 5th. American Eagle Outfitters’s dividend payout ratio (DPR) is 51.55%.

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In other news, insider Jennifer M. Foyle sold 13,500 shares of the 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 completion of the sale, the insider now directly owns 27,531 shares in the company, valued at $391,490.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.80% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday. BMO Capital Markets set a $15.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Tuesday, August 8th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $15.00 price target on shares of American Eagle Outfitters in a report on Monday, October 2nd. Cowen and Company set a $14.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “hold” rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. American Eagle Outfitters has an average rating of “Hold” and an average price target of $14.61.

About American Eagle Outfitters

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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