West Coast Financial LLC increased its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 66.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,920 shares of the apparel retailer’s stock after buying an additional 161,336 shares during the period. American Eagle Outfitters accounts for approximately 1.6% of West Coast Financial LLC’s holdings, making the stock its 23rd largest position. West Coast Financial LLC owned 0.23% of American Eagle Outfitters worth $4,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEO. Guggenheim Capital LLC raised its position in shares of American Eagle Outfitters by 109.6% in the fourth quarter. Guggenheim Capital LLC now owns 148,742 shares of the apparel retailer’s stock valued at $2,256,000 after buying an additional 77,788 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of American Eagle Outfitters by 9.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,240 shares of the apparel retailer’s stock valued at $444,000 after buying an additional 2,430 shares in the last quarter. Norges Bank bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at about $25,213,000. USA Financial Portformulas Corp raised its position in shares of American Eagle Outfitters by 12.4% in the fourth quarter. USA Financial Portformulas Corp now owns 28,019 shares of the apparel retailer’s stock valued at $425,000 after buying an additional 3,096 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of American Eagle Outfitters by 11.9% in the fourth quarter. Teachers Advisors LLC now owns 526,024 shares of the apparel retailer’s stock valued at $7,980,000 after buying an additional 55,956 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

Shares of American Eagle Outfitters, Inc. (AEO) traded up 0.887% during trading on Wednesday, hitting $11.945. The stock had a trading volume of 315,668 shares. The firm has a market cap of $2.11 billion, a PE ratio of 11.050 and a beta of 1.09. The stock has a 50 day moving average of $11.56 and a 200 day moving average of $13.53. American Eagle Outfitters, Inc. has a 52-week low of $10.56 and a 52-week high of $19.55.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, May 17th. The apparel retailer reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $761.80 million for the quarter, compared to analysts’ expectations of $741.76 million. American Eagle Outfitters had a net margin of 5.44% and a return on equity of 18.95%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post $1.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.50 annualized dividend and a dividend yield of 4.22%. American Eagle Outfitters’s payout ratio is 46.30%.

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AEO has been the subject of several analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of American Eagle Outfitters in a research report on Saturday, April 1st. Jefferies Group LLC reissued a “buy” rating and issued a $19.00 price objective on shares of American Eagle Outfitters in a research report on Tuesday, April 4th. B. Riley lowered American Eagle Outfitters from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $15.00 in a research report on Tuesday, April 18th. Vetr lowered American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $15.00 price objective for the company. in a research report on Thursday, April 20th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $20.00 price objective on shares of American Eagle Outfitters in a research report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.77.

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

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