The Afam Capital Inc. Raises Holdings in American Eagle Outfitters, Inc. (AEO)

The Afam Capital Inc. Raises Holdings in American Eagle Outfitters, Inc. (AEO)

Afam Capital Inc. boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,804 shares of the apparel retailer’s stock after buying an additional 1,286 shares during the quarter. Afam Capital Inc. owned approximately 0.23% of American Eagle Outfitters worth $4,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AEO. BlackRock Inc. boosted its stake in American Eagle Outfitters by 8,781.1% in the first quarter. BlackRock Inc. now owns 17,773,025 shares of the apparel retailer’s stock worth $249,355,000 after buying an additional 17,572,904 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in American Eagle Outfitters by 30.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,220,656 shares of the apparel retailer’s stock worth $87,008,000 after buying an additional 1,687,520 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in American Eagle Outfitters by 34.0% in the second quarter. Hamlin Capital Management LLC now owns 5,737,478 shares of the apparel retailer’s stock worth $69,137,000 after buying an additional 1,456,748 shares in the last quarter. Mackay Shields LLC boosted its stake in American Eagle Outfitters by 67.8% in the second quarter. Mackay Shields LLC now owns 2,560,914 shares of the apparel retailer’s stock worth $30,859,000 after buying an additional 1,034,486 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in American Eagle Outfitters by 87.1% in the second quarter. Hodges Capital Management Inc. now owns 1,846,259 shares of the apparel retailer’s stock worth $22,247,000 after buying an additional 859,270 shares in the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on AEO. Royal Bank Of Canada set a $14.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Tuesday, August 29th. BidaskClub lowered American Eagle Outfitters from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $12.00 target price (down previously from $13.00) on shares of American Eagle Outfitters in a research note on Friday, August 11th. Buckingham Research reaffirmed a “neutral” rating on shares of American Eagle Outfitters in a research note on Thursday, August 24th. Finally, Oppenheimer Holdings, Inc. set a $13.00 target price on American Eagle Outfitters and gave the stock a “hold” rating in a research note on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.61.

American Eagle Outfitters, Inc. (NYSE AEO) traded down 0.31% during trading on Friday, reaching $12.99. The company’s stock had a trading volume of 2,786,203 shares. American Eagle Outfitters, Inc. has a 12-month low of $10.23 and a 12-month high of $19.00. The firm’s 50-day moving average price is $13.28 and its 200 day moving average price is $12.52. The company has a market capitalization of $2.30 billion, a P/E ratio of 13.34 and a beta of 1.10.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. American Eagle Outfitters had a return on equity of 18.25% and a net margin of 4.85%. The company had revenue of $845.00 million during the quarter, compared to analysts’ expectations of $823.84 million. During the same quarter in the previous year, the business earned $0.23 EPS. American Eagle Outfitters’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, October 5th. American Eagle Outfitters’s payout ratio is currently 51.55%.

In related news, insider Jennifer M. Foyle sold 13,500 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $14.22, for a total transaction of $191,970.00. Following the completion of the transaction, the insider now owns 27,531 shares in the company, valued at approximately $391,490.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.80% of the stock is owned by insiders.

American Eagle Outfitters Company Profile

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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