American Eagle Outfitters, Inc. $AEO Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,771,716 shares of the apparel retailer’s stock after selling 98,621 shares during the period. Geode Capital Management LLC’s holdings in American Eagle Outfitters were worth $99,475,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its position in American Eagle Outfitters by 24.8% during the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock valued at $1,885,000 after buying an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in American Eagle Outfitters by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock worth $1,229,000 after acquiring an additional 4,599 shares during the period. Jones Financial Companies Lllp increased its stake in shares of American Eagle Outfitters by 1,238.2% in the first quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock worth $611,000 after purchasing an additional 48,624 shares during the period. Empowered Funds LLC increased its stake in shares of American Eagle Outfitters by 9.6% in the first quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock worth $185,000 after purchasing an additional 1,398 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of American Eagle Outfitters by 349.9% in the second quarter. Marshall Wace LLP now owns 538,681 shares of the apparel retailer’s stock worth $5,182,000 after purchasing an additional 418,943 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEO. Barclays dropped their price objective on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Wall Street Zen lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Sunday. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a research note on Monday, June 1st. UBS Group dropped their price objective on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Finally, Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $20.36.

Insider Activity at American Eagle Outfitters

In related news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.32, for a total value of $50,002.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.23, for a total transaction of $49,743.01. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $16.39 on Friday. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $28.46. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $17.08 and a 200-day moving average of $21.04. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 3.60 and a beta of 1.33.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. American Eagle Outfitters had a net margin of 5.01% and a return on equity of 20.95%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned ($0.29) earnings per share. American Eagle Outfitters’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 earnings per share for the current fiscal year.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.