Rothschild & Co. Asset Management US Inc. reduced its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,289,171 shares of the apparel retailer’s stock after selling 282,904 shares during the period. Rothschild & Co. Asset Management US Inc. owned approximately 1.38% of American Eagle Outfitters worth $33,903,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of AEO. Point72 Asset Management L.P. raised its stake in shares of American Eagle Outfitters by 603.3% during the second quarter. Point72 Asset Management L.P. now owns 3,837,892 shares of the apparel retailer’s stock valued at $41,833,000 after purchasing an additional 3,292,192 shares during the period. No Street GP LP acquired a new stake in shares of American Eagle Outfitters during the second quarter worth about $19,075,000. Peregrine Capital Management LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter worth about $16,203,000. Zweig DiMenna Associates LLC acquired a new stake in shares of American Eagle Outfitters during the third quarter worth about $14,931,000. Finally, FMR LLC raised its position in shares of American Eagle Outfitters by 6,748.4% during the second quarter. FMR LLC now owns 1,010,205 shares of the apparel retailer’s stock worth $11,012,000 after purchasing an additional 995,454 shares during the period.
AEO has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on American Eagle Outfitters from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Morgan Stanley boosted their price target on American Eagle Outfitters from $11.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Barclays boosted their price target on American Eagle Outfitters from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Monday. Zacks Investment Research upgraded American Eagle Outfitters from a “sell” rating to a “hold” rating and set a $12.00 price objective on the stock in a research report on Wednesday, July 29th. Finally, Citigroup upped their price target on American Eagle Outfitters from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $14.95.
Shares of AEO traded up $0.21 during mid-day trading on Tuesday, reaching $16.28. The company had a trading volume of 180,442 shares, compared to its average volume of 6,640,589. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.38 and a current ratio of 1.88. The firm has a 50-day moving average price of $14.76 and a 200 day moving average price of $11.97. American Eagle Outfitters, Inc. has a 52 week low of $6.53 and a 52 week high of $16.69. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of -14.48 and a beta of 1.24.
American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, September 9th. The apparel retailer reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.14. American Eagle Outfitters had a negative net margin of 4.86% and a negative return on equity of 0.22%. The company had revenue of $883.50 million during the quarter, compared to analyst estimates of $837.24 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. As a group, research analysts forecast that American Eagle Outfitters, Inc. will post -0.19 earnings per share for the current fiscal year.
In other American Eagle Outfitters news, insider Charles F. Kessler sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now directly owns 85,726 shares in the company, valued at approximately $1,285,890. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Andrew J. Mclean sold 18,115 shares of the business’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $14.50, for a total transaction of $262,667.50. Following the sale, the executive vice president now owns 18,115 shares of the company’s stock, valued at $262,667.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,151 shares of company stock valued at $535,697. Company insiders own 8.10% of the company’s stock.
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 provides jeans, and specialty 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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