Vanguard Group Inc. Lowers Stock Position in American Eagle Outfitters, Inc. $AEO

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Vanguard Group Inc. lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,990,480 shares of the apparel retailer's stock after selling 224,972 shares during the quarter. Vanguard Group Inc. owned 12.17% of American Eagle Outfitters worth $243,909,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of American Eagle Outfitters by 380.4% in the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 1,841 shares during the period. State of Wyoming purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $49,000. Asset Management One Co. Ltd. boosted its stake in shares of American Eagle Outfitters by 38.7% in 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. University of Texas Texas AM Investment Management Co. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $156,000. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $175,000. Hedge funds and other institutional investors own 97.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AEO shares. Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price target on shares of American Eagle Outfitters in a research note on Monday, July 28th. Zacks Research upgraded shares of American Eagle Outfitters to a "hold" rating in a research note on Monday, August 11th. Barclays decreased their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded shares of American Eagle Outfitters from a "hold" rating to a "sell" rating in a research note on Saturday, June 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $14.70.

American Eagle Outfitters Stock Down 0.9%

AEO stock opened at $12.87 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 0.56 and a debt-to-equity ratio of 0.07. American Eagle Outfitters, Inc. has a twelve month low of $9.27 and a twelve month high of $22.83. The company's 50 day moving average is $10.77 and its two-hundred day moving average is $11.54. The stock has a market cap of $2.23 billion, a P/E ratio of 13.13 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data 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). American Eagle Outfitters had a return on equity of 13.34% and a net margin of 3.73%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.34 EPS. The firm's revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a yield of 3.9%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 51.02%.

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.

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