Fisher Asset Management LLC Sells 189,225 Shares of American Eagle Outfitters, Inc. $AEO

Fisher Asset Management LLC lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,487,082 shares of the apparel retailer’s stock after selling 189,225 shares during the quarter. Fisher Asset Management LLC owned 1.47% of American Eagle Outfitters worth $42,554,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in shares of American Eagle Outfitters by 5.1% in the 3rd quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after buying an additional 320,750 shares during the last quarter. Russell Investments Group Ltd. boosted its position in American Eagle Outfitters by 50.7% in the second quarter. Russell Investments Group Ltd. now owns 1,433,460 shares of the apparel retailer’s stock worth $13,791,000 after purchasing an additional 482,534 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of American Eagle Outfitters by 9.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 997,360 shares of the apparel retailer’s stock valued at $9,595,000 after purchasing an additional 86,241 shares during the period. Panagora Asset Management Inc. increased its position in shares of American Eagle Outfitters by 37.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 862,000 shares of the apparel retailer’s stock valued at $8,292,000 after purchasing an additional 233,357 shares during the last quarter. Finally, AXA S.A. increased its position in shares of American Eagle Outfitters by 96.6% during the 2nd quarter. AXA S.A. now owns 861,970 shares of the apparel retailer’s stock valued at $8,292,000 after purchasing an additional 423,449 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Eagle Outfitters

In related news, insider Jennifer M. Foyle sold 243,047 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the completion of the transaction, the insider directly owned 191,751 shares of the company’s stock, valued at approximately $4,659,549.30. This represents a 55.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cary D. Mcmillan sold 1,896 shares of American Eagle Outfitters stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $26.21, for a total value of $49,694.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 246,839 shares of company stock valued at $6,004,388 in the last 90 days. Insiders own 8.70% of the company’s stock.

American Eagle Outfitters Trading Down 1.1%

AEO stock opened at $22.26 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.63 and a quick ratio of 0.59. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $28.46. The business has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $20.61. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 5.89 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Tuesday, December 2nd. The apparel retailer reported $0.53 EPS for the quarter, topping the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a net margin of 3.90% and a return on equity of 13.82%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

Analysts Set New Price Targets

AEO has been the subject of several recent research reports. Morgan Stanley set a $23.00 target price on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Barclays upped their price objective on American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group assumed coverage on American Eagle Outfitters in a research report on Thursday, December 11th. They set a “neutral” rating and a $25.00 target price on the stock. Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a report on Wednesday, December 3rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $28.00 price objective on shares of American Eagle Outfitters in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.45.

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.