West Coast Financial LLC purchased a new stake in shares of American Eagle Outfitters (NYSE:AEO) during the first quarter, Holdings Channel reports. The firm purchased 244,584 shares of the apparel retailer’s stock, valued at approximately $3,432,000. West Coast Financial LLC owned approximately 0.13% of American Eagle Outfitters as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Northern Trust Corp raised its stake in shares of American Eagle Outfitters by 0.5% in the third quarter. Northern Trust Corp now owns 3,448,502 shares of the apparel retailer’s stock valued at $61,591,000 after buying an additional 16,413 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of American Eagle Outfitters by 2.3% in the third quarter. Texas Permanent School Fund now owns 130,158 shares of the apparel retailer’s stock valued at $2,325,000 after buying an additional 2,908 shares in the last quarter. Comerica Bank raised its stake in shares of American Eagle Outfitters by 5.8% in the fourth quarter. Comerica Bank now owns 129,811 shares of the apparel retailer’s stock valued at $1,974,000 after buying an additional 7,170 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $1,537,000. Finally, Royce & Associates LP raised its stake in shares of American Eagle Outfitters by 25.7% in the fourth quarter. Royce & Associates LP now owns 4,708,311 shares of the apparel retailer’s stock valued at $71,425,000 after buying an additional 962,799 shares in the last quarter. 95.68% of the stock is currently owned by institutional investors and hedge funds.

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

American Eagle Outfitters (NYSE:AEO) traded up 4.86% during midday trading on Thursday, reaching $13.80. The company had a trading volume of 5,568,984 shares. The company has a market capitalization of $2.51 billion, a PE ratio of 11.90 and a beta of 0.91. American Eagle Outfitters has a 12-month low of $13.03 and a 12-month high of $19.55. The stock has a 50-day moving average price of $14.01 and a 200 day moving average price of $15.77.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, March 1st. The apparel retailer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 21.77% and a net margin of 6.62%. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Equities analysts forecast that American Eagle Outfitters will post $1.24 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 21st. Investors of record on Friday, April 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, April 5th. American Eagle Outfitters’s payout ratio is 39.06%.

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Several analysts recently commented on AEO shares. Goldman Sachs Group Inc set a $12.00 price target on American Eagle Outfitters and gave the company a “sell” rating in a research note on Wednesday, January 11th. Telsey Advisory Group raised American Eagle Outfitters from a “market perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 25th. They noted that the move was a valuation call. Bank of America Corp lowered American Eagle Outfitters from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $15.00 in a research note on Thursday, March 2nd. BMO Capital Markets decreased their price target on American Eagle Outfitters from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 2nd. Finally, Buckingham Research started coverage on American Eagle Outfitters in a research note on Tuesday, January 24th. They issued a “neutral” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. American Eagle Outfitters has an average rating of “Hold” and an average price target of $17.71.

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.

5 Day Chart for NYSE:AEO

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