Moody Aldrich Partners LLC increased its holdings in American Eagle Outfitters (NYSE:AEO) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,044 shares of the apparel retailer’s stock after acquiring an additional 4,946 shares during the quarter. Moody Aldrich Partners LLC’s holdings in American Eagle Outfitters were worth $644,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in American Eagle Outfitters by 112.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,971 shares of the apparel retailer’s stock valued at $29,000 after buying an additional 1,043 shares in the last quarter. Verus Capital Partners LLC raised its stake in American Eagle Outfitters by 91.7% during the first quarter. Verus Capital Partners LLC now owns 9,772 shares of the apparel retailer’s stock valued at $78,000 after buying an additional 4,674 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in American Eagle Outfitters during the first quarter valued at approximately $101,000. ETF Managers Group LLC raised its stake in American Eagle Outfitters by 11.4% during the first quarter. ETF Managers Group LLC now owns 13,226 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 1,356 shares in the last quarter. Finally, Creative Planning acquired a new stake in American Eagle Outfitters during the second quarter valued at approximately $117,000. Institutional investors and hedge funds own 87.29% of the company’s stock.
In other American Eagle Outfitters news, insider Charles F. Kessler sold 35,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $10.50, for a total transaction of $367,500.00. Following the completion of the transaction, the insider now directly owns 129,492 shares of the company’s stock, valued at approximately $1,359,666. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.10% of the company’s stock.
Several brokerages have issued reports on AEO. Citigroup upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $14.00 in a research note on Thursday. Wedbush cut their price objective on American Eagle Outfitters from $14.00 to $10.00 in a research note on Thursday, April 23rd. UBS Group upped their target price on American Eagle Outfitters from $10.90 to $15.00 and gave the company a “buy” rating in a report on Thursday, June 4th. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Thursday, June 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $15.00 target price on shares of American Eagle Outfitters in a report on Thursday, June 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus price target of $12.94.
AEO stock traded down $0.21 on Friday, reaching $10.00. The company’s stock had a trading volume of 3,536,841 shares, compared to its average volume of 6,381,739. American Eagle Outfitters has a 52 week low of $6.53 and a 52 week high of $18.07. The company has a market capitalization of $1.66 billion, a P/E ratio of -15.38 and a beta of 1.20. The firm has a fifty day moving average of $10.94 and a two-hundred day moving average of $10.91. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.35 and a quick ratio of 1.72.
American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, June 3rd. The apparel retailer reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.54). The firm had revenue of $551.70 million for the quarter, compared to the consensus estimate of $636.12 million. American Eagle Outfitters had a negative net margin of 2.68% and a positive return on equity of 5.92%. The business’s revenue for the quarter was down 37.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 earnings per share. As a group, equities analysts expect that American Eagle Outfitters will post -0.31 EPS for the current fiscal year.
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 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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