Assenagon Asset Management S.A. Purchases Shares of 60,576 American Eagle Outfitters (AEO)

Assenagon Asset Management S.A. purchased a new position in shares of American Eagle Outfitters (NYSE:AEO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 60,576 shares of the apparel retailer’s stock, valued at approximately $1,504,000.

A number of other institutional investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in American Eagle Outfitters by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 65,317 shares of the apparel retailer’s stock worth $1,519,000 after buying an additional 1,890 shares during the last quarter. Stevens Capital Management LP increased its position in American Eagle Outfitters by 3.2% in the second quarter. Stevens Capital Management LP now owns 75,301 shares of the apparel retailer’s stock worth $1,751,000 after buying an additional 2,364 shares during the last quarter. American International Group Inc. increased its position in American Eagle Outfitters by 0.6% in the second quarter. American International Group Inc. now owns 439,677 shares of the apparel retailer’s stock worth $10,222,000 after buying an additional 2,464 shares during the last quarter. Arizona State Retirement System increased its position in American Eagle Outfitters by 2.2% in the second quarter. Arizona State Retirement System now owns 116,488 shares of the apparel retailer’s stock worth $2,708,000 after buying an additional 2,524 shares during the last quarter. Finally, Amalgamated Bank increased its position in American Eagle Outfitters by 12.9% in the second quarter. Amalgamated Bank now owns 26,070 shares of the apparel retailer’s stock worth $606,000 after buying an additional 2,972 shares during the last quarter. Institutional investors and hedge funds own 86.66% of the company’s stock.

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

Shares of NYSE AEO opened at $21.77 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 18.77, a P/E/G ratio of 1.58 and a beta of 0.81. American Eagle Outfitters has a fifty-two week low of $13.35 and a fifty-two week high of $29.88.

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, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The company had revenue of $964.85 million during the quarter, compared to analysts’ expectations of $937.98 million. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. As a group, analysts anticipate that American Eagle Outfitters will post 1.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were given a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, October 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 47.41%.

A number of research firms have issued reports on AEO. Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Monday, August 27th. They noted that the move was a valuation call. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group raised their target price on American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Bank of America raised their target price on American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, ValuEngine downgraded American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $24.80.

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American Eagle Outfitters 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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