Los Angeles Capital Management & Equity Research Inc. Increases Holdings in American Eagle Outfitters (AEO)

Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of American Eagle Outfitters (NYSE:AEO) by 77.9% in the third quarter, HoldingsChannel.com reports. The fund owned 122,889 shares of the apparel retailer’s stock after buying an additional 53,823 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in American Eagle Outfitters were worth $3,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in shares of American Eagle Outfitters by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,317 shares of the apparel retailer’s stock worth $1,519,000 after purchasing an additional 1,890 shares in the last quarter. Stevens Capital Management LP raised its stake in shares of American Eagle Outfitters by 3.2% during the 2nd quarter. Stevens Capital Management LP now owns 75,301 shares of the apparel retailer’s stock worth $1,751,000 after purchasing an additional 2,364 shares in the last quarter. American International Group Inc. raised its stake in shares of American Eagle Outfitters by 0.6% during the 2nd quarter. American International Group Inc. now owns 439,677 shares of the apparel retailer’s stock worth $10,222,000 after purchasing an additional 2,464 shares in the last quarter. Arizona State Retirement System raised its stake in shares of American Eagle Outfitters by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 116,488 shares of the apparel retailer’s stock worth $2,708,000 after purchasing an additional 2,524 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its stake in shares of American Eagle Outfitters by 1.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 209,140 shares of the apparel retailer’s stock worth $5,193,000 after purchasing an additional 2,680 shares in the last quarter. 87.25% of the stock is owned by institutional investors.

Shares of AEO stock opened at $20.25 on Friday. American Eagle Outfitters has a twelve month low of $14.57 and a twelve month high of $29.88. The company has a market capitalization of $3.59 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.42 and a beta of 0.81.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The business had revenue of $964.85 million for the quarter, compared to the consensus estimate of $937.98 million. During the same period last year, the business earned $0.19 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, research analysts predict that American Eagle Outfitters will post 1.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 12th were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, October 11th. American Eagle Outfitters’s payout ratio is 47.41%.

A number of equities research analysts have recently weighed in on AEO shares. Bank of America downgraded American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 price target for the company. in a research note on Thursday, November 1st. Jefferies Financial Group set a $33.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, July 23rd. Citigroup raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday, October 19th. Finally, Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a research note on Monday, August 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. American Eagle Outfitters currently has an average rating of “Buy” and a consensus target price of $24.67.

In related news, Director Cary D. Mcmillan sold 16,993 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by company insiders.

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About American Eagle Outfitters

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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