Majedie Asset Management Ltd cut its stake in shares of American Eagle Outfitters (NYSE:AEO) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,127,841 shares of the apparel retailer’s stock after selling 145,059 shares during the quarter. American Eagle Outfitters makes up 1.8% of Majedie Asset Management Ltd’s portfolio, making the stock its 11th largest holding. Majedie Asset Management Ltd owned about 0.64% of American Eagle Outfitters worth $21,203,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of AEO. Amalgamated Bank boosted its position in shares of American Eagle Outfitters by 1.1% during the second quarter. Amalgamated Bank now owns 23,261 shares of the apparel retailer’s stock worth $280,000 after buying an additional 252 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of American Eagle Outfitters by 3.8% during the second quarter. Thrivent Financial For Lutherans now owns 33,580 shares of the apparel retailer’s stock worth $405,000 after buying an additional 1,230 shares during the period. Afam Capital Inc. boosted its position in shares of American Eagle Outfitters by 0.3% during the second quarter. Afam Capital Inc. now owns 399,804 shares of the apparel retailer’s stock worth $4,818,000 after buying an additional 1,286 shares during the period. Lenox Wealth Management Inc. boosted its position in shares of American Eagle Outfitters by 8.9% during the fourth quarter. Lenox Wealth Management Inc. now owns 32,763 shares of the apparel retailer’s stock worth $616,000 after buying an additional 2,675 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in American Eagle Outfitters by 35.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock worth $217,000 after purchasing an additional 2,993 shares during the period. 83.21% of the stock is owned by institutional investors.
American Eagle Outfitters (NYSE AEO) traded up $0.16 during midday trading on Wednesday, hitting $17.81. 253,209 shares of the stock were exchanged, compared to its average volume of 3,833,706. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $19.48. The firm has a market capitalization of $3,085.16, a P/E ratio of 15.68, a PEG ratio of 2.33 and a beta of 1.14.
American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings results on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). American Eagle Outfitters had a return on equity of 17.42% and a net margin of 4.50%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. During the same period last year, the company posted $0.41 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. equities analysts expect that American Eagle Outfitters will post 1.16 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the company. Buckingham Research upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Thursday, January 11th. B. Riley increased their price objective on American Eagle Outfitters from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Wolfe Research upgraded American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. SunTrust Banks reiterated a “buy” rating and set a $19.00 price objective on shares of American Eagle Outfitters in a research report on Thursday, December 7th. Finally, ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.79.
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American Eagle Outfitters Company Profile
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
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