BlackRock Inc. Buys Shares of 26,664,659 American Eagle Outfitters, Inc. $AEO

BlackRock Inc. bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 26,664,659 shares of the apparel retailer's stock, valued at approximately $458,632,000. BlackRock Inc. owned about 15.91% of American Eagle Outfitters as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP grew its stake in shares of American Eagle Outfitters by 920.6% during the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer's stock valued at $94,066,000 after purchasing an additional 4,959,039 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer's stock worth $105,818,000 after acquiring an additional 3,926,230 shares during the period. Bank of New York Mellon Corp purchased a new stake in American Eagle Outfitters during the 2nd quarter valued at approximately $27,637,000. Balyasny Asset Management L.P. bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at about $40,954,000. Finally, Lazard Asset Management LLC grew its holdings in American Eagle Outfitters by 794.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,296,011 shares of the apparel retailer's stock valued at $21,643,000 after buying an additional 1,151,091 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AEO shares. The Goldman Sachs Group set a $22.00 price target on shares of American Eagle Outfitters in a report on Monday, June 1st. Telsey Advisory Group decreased their target price on American Eagle Outfitters from $25.00 to $20.00 and set a "market perform" rating for the company in a research report on Friday, May 29th. Citigroup decreased their target price on American Eagle Outfitters from $24.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, June 1st. Bank of America reissued an "underperform" rating and set a $16.00 target price on shares of American Eagle Outfitters in a research note on Friday, August 14th. Finally, Morgan Stanley restated an "equal weight" rating and issued a $18.00 price target on shares of American Eagle Outfitters in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.09.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,892 shares of the firm's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $16.77, for a total transaction of $48,498.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David M. Sable sold 5,779 shares of the business's stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $17.23, for a total transaction of $99,572.17. Following the completion of the sale, the director owned 53,481 shares of the company's stock, valued at approximately $921,477.63. This represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,563 shares of company stock worth $196,599 in the last three months. Corporate insiders own 8.95% of the company's stock.

American Eagle Outfitters Trading Up 4.5%

Shares of NYSE AEO opened at $16.90 on Tuesday. American Eagle Outfitters, Inc. has a twelve month low of $12.11 and a twelve month high of $28.46. The firm has a market cap of $2.83 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 3.53 and a beta of 1.32. The business has a fifty day simple moving average of $17.18 and a two-hundred day simple moving average of $18.25. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The business's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.29) EPS. Analysts expect that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 10th. American Eagle Outfitters's dividend payout ratio is presently 30.86%.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc NYSE: AEO is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company's flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

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