3,527,502 Shares in American Eagle Outfitters (AEO) Acquired by Gilder Gagnon Howe & Co. LLC

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Gilder Gagnon Howe & Co. LLC bought a new stake in American Eagle Outfitters (NYSE:AEO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,527,502 shares of the apparel retailer’s stock, valued at approximately $87,588,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of American Eagle Outfitters by 72.1% during the second quarter. Wells Fargo & Company MN now owns 944,039 shares of the apparel retailer’s stock valued at $21,948,000 after acquiring an additional 395,556 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in American Eagle Outfitters by 40.2% during the second quarter. Nisa Investment Advisors LLC now owns 34,900 shares of the apparel retailer’s stock worth $811,000 after buying an additional 10,000 shares during the period. PNC Financial Services Group Inc. lifted its position in American Eagle Outfitters by 81.4% during the second quarter. PNC Financial Services Group Inc. now owns 138,027 shares of the apparel retailer’s stock worth $3,210,000 after buying an additional 61,932 shares during the period. Bank of America Corp DE lifted its position in American Eagle Outfitters by 28.8% during the second quarter. Bank of America Corp DE now owns 1,050,886 shares of the apparel retailer’s stock worth $24,433,000 after buying an additional 234,855 shares during the period. Finally, ClariVest Asset Management LLC lifted its position in American Eagle Outfitters by 10.4% during the second quarter. ClariVest Asset Management LLC now owns 370,180 shares of the apparel retailer’s stock worth $8,608,000 after buying an additional 34,754 shares during the period. 86.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the company. Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research report on Monday, August 27th. They noted that the move was a valuation call. Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. UBS Group increased their target price on American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Bank of America increased their target price on American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, ValuEngine downgraded American Eagle Outfitters from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. American Eagle Outfitters presently has an average rating of “Buy” and an average target price of $25.40.

Shares of American Eagle Outfitters stock traded up $0.56 during trading hours on Tuesday, reaching $23.82. The stock had a trading volume of 295,900 shares, compared to its average volume of 4,816,324. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83. American Eagle Outfitters has a 1 year low of $12.51 and a 1 year high of $29.88.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, August 29th. The apparel retailer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $964.85 million for the quarter, compared to the consensus estimate of $937.98 million. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. Analysts expect that American Eagle Outfitters will post 1.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were issued a $0.1375 dividend. The ex-dividend date was Thursday, October 11th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.31%. American Eagle Outfitters’s dividend payout ratio (DPR) is 47.41%.

In other news, insider Charles F. Kessler sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the insider now directly owns 110,079 shares in the company, valued at approximately $3,082,212. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Cary D. Mcmillan sold 16,993 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $24.87, for a total value of $422,615.91. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters 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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