American Eagle Outfitters (AEO) Holdings Cut by Afam Capital Inc.

Afam Capital Inc. lowered its stake in shares of American Eagle Outfitters (NYSE:AEO) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 374,326 shares of the apparel retailer’s stock after selling 25,478 shares during the period. Afam Capital Inc. owned approximately 0.21% of American Eagle Outfitters worth $5,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chartwell Investment Partners LLC bought a new position in shares of American Eagle Outfitters during the 3rd quarter valued at about $3,995,000. Engineers Gate Manager LP acquired a new stake in American Eagle Outfitters in the 2nd quarter valued at approximately $2,016,000. Paradigm Capital Management Inc. NY raised its position in American Eagle Outfitters by 3.2% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 236,300 shares of the apparel retailer’s stock valued at $3,379,000 after buying an additional 7,300 shares during the last quarter. Russell Investments Group Ltd. raised its position in American Eagle Outfitters by 84.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 138,705 shares of the apparel retailer’s stock valued at $1,671,000 after buying an additional 63,583 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its position in American Eagle Outfitters by 807.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 496,468 shares of the apparel retailer’s stock valued at $5,958,000 after buying an additional 441,740 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

American Eagle Outfitters (NYSE AEO) opened at $17.63 on Tuesday. The firm has a market capitalization of $3,055.02, a P/E ratio of 15.52, a P/E/G ratio of 1.70 and a beta of 1.19. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $17.93.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The business had revenue of $960.00 million for the quarter, compared to analyst estimates of $960.86 million. American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. equities research analysts anticipate that American Eagle Outfitters will post 1.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Thursday, December 14th. American Eagle Outfitters’s payout ratio is presently 54.35%.

AEO has been the topic of a number of recent research reports. FBR & Co raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, August 15th. BidaskClub lowered American Eagle Outfitters from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Oppenheimer set a $13.00 price target on American Eagle Outfitters and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. SunTrust Banks set a $15.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Thursday, August 24th. Finally, Buckingham Research reaffirmed a “neutral” rating on shares of American Eagle Outfitters in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.05.

In related 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 directly owns 27,531 shares of the company’s stock, valued at approximately $391,490.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

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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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