Putnam Investments LLC Has $1.50 Million Stock Holdings in American Eagle Outfitters (NYSE:AEO)

Putnam Investments LLC raised its stake in American Eagle Outfitters (NYSE:AEO) by 31.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 88,700 shares of the apparel retailer’s stock after buying an additional 21,100 shares during the quarter. Putnam Investments LLC’s holdings in American Eagle Outfitters were worth $1,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of American Eagle Outfitters during the 1st quarter worth $30,000. NEXT Financial Group Inc raised its holdings in shares of American Eagle Outfitters by 40.6% during the 2nd quarter. NEXT Financial Group Inc now owns 2,426 shares of the apparel retailer’s stock worth $41,000 after buying an additional 700 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of American Eagle Outfitters by 693.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,680 shares of the apparel retailer’s stock worth $62,000 after buying an additional 3,216 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of American Eagle Outfitters by 232.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,203 shares of the apparel retailer’s stock worth $88,000 after buying an additional 3,638 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in shares of American Eagle Outfitters by 133.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 7,000 shares of the apparel retailer’s stock worth $118,000 after buying an additional 4,000 shares in the last quarter. 91.51% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on AEO shares. Cowen boosted their price target on American Eagle Outfitters from $17.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Wedbush lowered their price target on American Eagle Outfitters from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, June 6th. JPMorgan Chase & Co. set a $16.00 price target on American Eagle Outfitters and gave the stock a “hold” rating in a report on Wednesday, September 4th. ValuEngine cut American Eagle Outfitters from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Finally, Deutsche Bank set a $23.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.25.



AEO stock traded up $0.05 during midday trading on Tuesday, reaching $16.26. 2,168,188 shares of the stock were exchanged, compared to its average volume of 5,831,279. The stock has a market capitalization of $2.79 billion, a PE ratio of 10.98, a P/E/G ratio of 1.67 and a beta of 0.85. American Eagle Outfitters has a 52 week low of $13.66 and a 52 week high of $25.40. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.34 and a quick ratio of 0.64. The company has a fifty day moving average price of $16.32 and a 200 day moving average price of $18.84.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, September 4th. The apparel retailer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. American Eagle Outfitters had a return on equity of 21.47% and a net margin of 6.40%. American Eagle Outfitters’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, analysts anticipate that American Eagle Outfitters will post 1.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.1375 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.55 dividend on an annualized basis and a yield of 3.38%. American Eagle Outfitters’s dividend 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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