American Eagle Outfitters, Inc. (AEO) Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,805 shares of the apparel retailer’s stock after buying an additional 2,525 shares during the period. Victory Capital Management Inc.’s holdings in American Eagle Outfitters were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AEO. BlackRock Inc. boosted its position in shares of American Eagle Outfitters by 8,781.1% during the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock valued at $249,355,000 after buying an additional 17,572,904 shares during the last quarter. Hamlin Capital Management LLC boosted its position in shares of American Eagle Outfitters by 34.0% during the second quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock valued at $69,137,000 after buying an additional 1,456,748 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of American Eagle Outfitters during the first quarter valued at $16,019,000. Mackay Shields LLC boosted its position in shares of American Eagle Outfitters by 67.8% during the second quarter. Mackay Shields LLC now owns 2,560,914 shares of the apparel retailer’s stock valued at $30,859,000 after buying an additional 1,034,486 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its position in shares of American Eagle Outfitters by 87.1% during the second quarter. Hodges Capital Management Inc. now owns 1,846,259 shares of the apparel retailer’s stock valued at $22,247,000 after buying an additional 859,270 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors.

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AEO has been the topic of several recent analyst reports. B. Riley reaffirmed a “neutral” rating and set a $12.50 price objective on shares of American Eagle Outfitters in a research report on Tuesday, May 23rd. ValuEngine cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada set a $14.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research report on Monday, June 19th. BidaskClub raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, BMO Capital Markets set a $15.00 target price on American Eagle Outfitters and gave the company a “buy” rating in a report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.84.

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) opened at 13.63 on Wednesday. American Eagle Outfitters, Inc. has a 52 week low of $10.23 and a 52 week high of $19.00. The company has a market cap of $2.41 billion, a P/E ratio of 13.99 and a beta of 1.07. The company’s 50-day moving average price is $12.10 and its 200 day moving average price is $12.57.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. American Eagle Outfitters’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 3.67%. American Eagle Outfitters’s payout ratio is 51.55%.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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

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