Congress Asset Management Co. MA Raises Position in American Eagle Outfitters (AEO)

Congress Asset Management Co. MA increased its stake in shares of American Eagle Outfitters (NYSE:AEO) by 12.0% in the 3rd quarter, Holdings Channel reports. The firm owned 102,403 shares of the apparel retailer’s stock after buying an additional 10,975 shares during the quarter. Congress Asset Management Co. MA’s holdings in American Eagle Outfitters were worth $2,543,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AEO. Oregon Public Employees Retirement Fund raised its holdings in American Eagle Outfitters by 3.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,317 shares of the apparel retailer’s stock valued at $1,519,000 after acquiring an additional 1,890 shares during the last quarter. Cerebellum GP LLC raised its holdings in American Eagle Outfitters by 42.7% in the 2nd quarter. Cerebellum GP LLC now owns 7,442 shares of the apparel retailer’s stock valued at $173,000 after acquiring an additional 2,226 shares during the last quarter. Stevens Capital Management LP raised its holdings in American Eagle Outfitters by 3.2% in the 2nd quarter. Stevens Capital Management LP now owns 75,301 shares of the apparel retailer’s stock valued at $1,751,000 after acquiring an additional 2,364 shares during the last quarter. American International Group Inc. raised its holdings in American Eagle Outfitters by 0.6% in the 2nd quarter. American International Group Inc. now owns 439,677 shares of the apparel retailer’s stock valued at $10,222,000 after acquiring an additional 2,464 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in American Eagle Outfitters by 2.2% in the 2nd quarter. Arizona State Retirement System now owns 116,488 shares of the apparel retailer’s stock valued at $2,708,000 after acquiring an additional 2,524 shares during the last quarter. Hedge funds and other institutional investors own 86.66% of the company’s stock.

Shares of NYSE AEO opened at $23.85 on Wednesday. American Eagle Outfitters has a 52-week low of $12.51 and a 52-week high of $29.88. The firm has a market cap of $4.09 billion, a PE ratio of 16.86, a P/E/G ratio of 1.95 and a beta of 0.83.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.24%. The firm had revenue of $964.85 million during the quarter, compared to analysts’ expectations of $937.98 million. During the same period in the prior year, the company earned $0.19 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts predict that American Eagle Outfitters will post 1.5 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were given a dividend of $0.1375 per share. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $0.55 dividend on an annualized basis and a yield of 2.31%. American Eagle Outfitters’s dividend payout ratio (DPR) is 47.41%.

In related news, insider Charles F. Kessler sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now directly owns 110,079 shares of the company’s stock, valued at approximately $3,082,212. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 16,993 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $24.87, for a total transaction of $422,615.91. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on the stock. Citigroup raised shares of American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Friday, October 19th. Wedbush raised shares of American Eagle Outfitters from a “neutral” rating to an “outperform” rating and set a $29.00 price objective for the company in a research note on Monday, October 15th. Bank of America boosted their price objective on shares of American Eagle Outfitters from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th. UBS Group boosted their price objective on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.40.

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

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