Lombard Odier Asset Management USA Corp acquired a new stake in American Eagle Outfitters (NYSE:AEO) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 125,000 shares of the apparel retailer’s stock, valued at approximately $2,771,000.

Several other institutional investors also recently bought and sold shares of AEO. Norges Bank bought a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $47,019,000. Vanguard Group Inc boosted its holdings in shares of American Eagle Outfitters by 9.8% in the third quarter. Vanguard Group Inc now owns 17,117,791 shares of the apparel retailer’s stock valued at $425,035,000 after acquiring an additional 1,521,279 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in American Eagle Outfitters by 1,864.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,299,537 shares of the apparel retailer’s stock worth $67,000 after buying an additional 1,233,392 shares in the last quarter. FMR LLC boosted its holdings in American Eagle Outfitters by 5,883.7% during the fourth quarter. FMR LLC now owns 1,192,430 shares of the apparel retailer’s stock worth $23,050,000 after buying an additional 1,172,502 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in American Eagle Outfitters by 1,006.7% during the fourth quarter. Millennium Management LLC now owns 1,103,180 shares of the apparel retailer’s stock worth $21,324,000 after buying an additional 1,003,501 shares in the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

In related news, insider Charles F. Kessler sold 3,573 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $23.00, for a total value of $82,179.00. Following the completion of the transaction, the insider now owns 132,618 shares of the company’s stock, valued at approximately $3,050,214. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 117,051 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $23.53, for a total transaction of $2,754,210.03. Following the completion of the transaction, the insider now directly owns 144,228 shares of the company’s stock, valued at approximately $3,393,684.84. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

Shares of NYSE:AEO opened at $17.96 on Monday. The company has a market cap of $3.03 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.67 and a beta of 1.07. American Eagle Outfitters has a 1-year low of $16.31 and a 1-year high of $29.88. The company has a quick ratio of 0.76, a current ratio of 1.46 and a debt-to-equity ratio of 1.07.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, June 5th. The apparel retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. American Eagle Outfitters had a net margin of 6.41% and a return on equity of 20.80%. The firm had revenue of $886.29 million during the quarter, compared to analyst estimates of $855.55 million. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts anticipate that American Eagle Outfitters will post 1.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, July 11th. American Eagle Outfitters’s dividend payout ratio is 37.16%.

AEO has been the subject of a number of research reports. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Jefferies Financial Group set a $28.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Thursday, March 7th. UBS Group set a $26.00 target price on shares of American Eagle Outfitters and gave the stock a “buy” rating in a report on Wednesday, June 12th. Zacks Investment Research cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Finally, Royal Bank of Canada cut shares of American Eagle Outfitters from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a report on Thursday, May 9th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. American Eagle Outfitters presently has an average rating of “Hold” and a consensus target price of $23.73.

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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 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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