Victory Capital Management Inc. Has $61.65 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Victory Capital Management Inc. boosted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 22.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,305,889 shares of the apparel retailer's stock after purchasing an additional 962,730 shares during the period. Victory Capital Management Inc. owned about 3.08% of American Eagle Outfitters worth $61,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after acquiring an additional 1,841 shares in the last quarter. Huntington National Bank increased its holdings in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 1,475 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of American Eagle Outfitters by 38.7% during the first quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock valued at $48,000 after purchasing an additional 1,165 shares during the period. State of Wyoming bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth $49,000. Finally, Headlands Technologies LLC bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth $92,000. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

AEO stock traded up $0.01 during midday trading on Monday, reaching $9.95. 1,992,657 shares of the company's stock traded hands, compared to its average volume of 5,867,928. The company has a 50-day simple moving average of $10.42 and a two-hundred day simple moving average of $12.21. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $22.83. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 10.16 and a beta of 1.45. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The company's revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.50 annualized dividend and a dividend yield of 5.03%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 51.02%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEO. Barclays dropped their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their price target on American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, May 14th. Morgan Stanley set a $10.00 price target on American Eagle Outfitters and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Wall Street Zen lowered American Eagle Outfitters from a "hold" rating to a "sell" rating in a research report on Saturday, June 7th. Finally, Telsey Advisory Group lifted their price target on American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a report on Friday, May 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and a consensus price target of $14.70.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.