The Capstone Asset Management Co. Reduces Position in American Eagle Outfitters Inc. (AEO)

The Capstone Asset Management Co. Reduces Position in American Eagle Outfitters Inc. (AEO)

Capstone Asset Management Co. cut its position in shares of American Eagle Outfitters Inc. (NYSE:AEO) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,847 shares of the apparel retailer’s stock after selling 355 shares during the period. Capstone Asset Management Co.’s holdings in American Eagle Outfitters were worth $194,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AEO. Loomis Sayles & Co. L P raised its stake in American Eagle Outfitters by 0.8% in the second quarter. Loomis Sayles & Co. L P now owns 11,923 shares of the apparel retailer’s stock valued at $190,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in American Eagle Outfitters by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 39,300 shares of the apparel retailer’s stock valued at $626,000 after buying an additional 204 shares during the last quarter. State Treasurer State of Michigan raised its stake in American Eagle Outfitters by 0.6% in the second quarter. State Treasurer State of Michigan now owns 66,775 shares of the apparel retailer’s stock valued at $1,064,000 after buying an additional 400 shares during the last quarter. Invictus RG raised its stake in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 449 shares during the last quarter. Finally, Buckhead Capital Management LLC raised its stake in American Eagle Outfitters by 2.2% in the second quarter. Buckhead Capital Management LLC now owns 38,107 shares of the apparel retailer’s stock valued at $607,000 after buying an additional 810 shares during the last quarter. Institutional investors own 95.05% of the company’s stock.

American Eagle Outfitters Inc. (NYSE:AEO) opened at 17.83 on Thursday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 14.18 and a beta of 0.89. American Eagle Outfitters Inc. has a 12 month low of $12.78 and a 12 month high of $19.55. The company’s 50-day moving average price is $18.16 and its 200 day moving average price is $16.65.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, August 17th. The apparel retailer reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. American Eagle Outfitters had a net margin of 6.61% and a return on equity of 21.00%. The business had revenue of $823 million for the quarter, compared to analysts’ expectations of $818.10 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Analysts forecast that American Eagle Outfitters Inc. will post $1.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 2.80%. American Eagle Outfitters’s payout ratio is 40.00%.

AEO has been the topic of several analyst reports. Jefferies Group reiterated a “buy” rating on shares of American Eagle Outfitters in a report on Monday, August 1st. BlueFin Research restated an “outperform” rating and issued a $22.00 price objective on shares of American Eagle Outfitters in a research note on Friday, July 15th. Vetr upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $15.50 price objective on the stock in a research note on Tuesday, June 21st. FBR & Co restated an “outperform” rating on shares of American Eagle Outfitters in a research note on Tuesday, September 6th. Finally, Nomura restated a “hold” rating on shares of American Eagle Outfitters in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $19.45.

In other American Eagle Outfitters news, COO Michael R. Rempell sold 83,141 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $18.68, for a total transaction of $1,553,073.88. Following the sale, the chief operating officer now owns 196,868 shares of the company’s stock, valued at approximately $3,677,494.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael R. Rempell sold 50,826 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $18.84, for a total transaction of $957,561.84. Following the sale, the chief operating officer now directly owns 106,077 shares in the company, valued at approximately $1,998,490.68. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

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