American Eagle Outfitters (NYSE:AEO) Shares Sold by Congress Asset Management Co. MA

Congress Asset Management Co. MA lowered its position in shares of American Eagle Outfitters (NYSE:AEO) by 9.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,478 shares of the apparel retailer’s stock after selling 9,500 shares during the period. Congress Asset Management Co. MA owned about 0.06% of American Eagle Outfitters worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Eagle Outfitters by 2.9% in the 2nd quarter. BlackRock Inc. now owns 20,340,847 shares of the apparel retailer’s stock valued at $343,758,000 after purchasing an additional 567,714 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of American Eagle Outfitters by 59.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,462,954 shares of the apparel retailer’s stock worth $75,424,000 after buying an additional 1,663,000 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of American Eagle Outfitters by 6.5% in the 2nd quarter. Macquarie Group Ltd. now owns 3,469,983 shares of the apparel retailer’s stock worth $58,642,000 after buying an additional 212,563 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of American Eagle Outfitters by 6.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,299,897 shares of the apparel retailer’s stock worth $56,098,000 after buying an additional 214,176 shares during the last quarter. Finally, Platinum Investment Management Ltd. boosted its holdings in shares of American Eagle Outfitters by 2.3% in the 2nd quarter. Platinum Investment Management Ltd. now owns 2,434,299 shares of the apparel retailer’s stock worth $41,140,000 after buying an additional 54,650 shares during the last quarter. Hedge funds and other institutional investors own 93.02% of the company’s stock.

AEO has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of American Eagle Outfitters from $17.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. set a $16.00 price objective on American Eagle Outfitters and gave the company a “hold” rating in a research note on Wednesday, September 4th. B. Riley set a $23.00 price objective on American Eagle Outfitters and gave the company a “buy” rating in a research note on Wednesday, September 4th. Citigroup cut American Eagle Outfitters from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $17.00 in a research note on Monday, October 28th. Finally, Cowen boosted their price objective on American Eagle Outfitters from $17.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.27.

Shares of AEO traded down $0.45 during midday trading on Friday, hitting $16.15. 101,405 shares of the stock were exchanged, compared to its average volume of 3,949,797. The firm has a market cap of $2.79 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.70 and a beta of 0.88. The stock has a fifty day simple moving average of $15.72 and a 200 day simple moving average of $17.53. American Eagle Outfitters has a 52-week low of $13.66 and a 52-week high of $24.30. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.64 and a current ratio of 1.34.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Wednesday, September 4th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. American Eagle Outfitters had a return on equity of 21.47% and a net margin of 6.40%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $0.34 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that American Eagle Outfitters will post 1.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.1375 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.55 annualized dividend and a dividend yield of 3.41%. American Eagle Outfitters’s payout ratio is currently 37.16%.

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 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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