American Eagle Outfitters, Inc. $AEO Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its stake in American Eagle Outfitters by 95.9%, owning 421,877 shares worth approximately $4.9 million as of its latest SEC filing.
• Institutional investors now hold 97.33% of the company's stock, with several others significantly increasing their positions during the first quarter of the year.
• American Eagle Outfitters reported a quarterly EPS of $0.45, beating analyst estimates, but its revenue declined by 0.6% year-over-year.

Intech Investment Management LLC lifted its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 95.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,877 shares of the apparel retailer's stock after purchasing an additional 206,541 shares during the quarter. Intech Investment Management LLC owned 0.24% of American Eagle Outfitters worth $4,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEO. GAMMA Investing LLC grew its stake in shares of American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 1,841 shares during the period. Asset Management One Co. Ltd. grew its stake in American Eagle Outfitters by 38.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock valued at $48,000 after acquiring an additional 1,165 shares during the period. State of Wyoming acquired a new stake in American Eagle Outfitters in the 4th quarter valued at $49,000. AlphaQuest LLC grew its stake in American Eagle Outfitters by 654,400.0% in the 1st quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer's stock valued at $76,000 after acquiring an additional 6,544 shares during the period. Finally, Merit Financial Group LLC acquired a new stake in American Eagle Outfitters in the 1st quarter valued at $131,000. Institutional investors and hedge funds own 97.33% of the company's stock.

Insider Activity

In related news, Director Cary D. Mcmillan sold 9,002 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.11, for a total transaction of $163,026.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Joseph Spiegel sold 40,000 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.12, for a total transaction of $724,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,821 shares of company stock worth $2,465,436. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of American Eagle Outfitters to a "hold" rating in a research note on Monday, August 11th. Bank of America reissued an "underperform" rating and issued a $10.00 price target (down previously from $11.00) on shares of American Eagle Outfitters in a research note on Monday, August 25th. UBS Group lifted their target price on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a research note on Thursday, September 4th. Telsey Advisory Group lifted their target price on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research note on Thursday, September 4th. Finally, Jefferies Financial Group lifted their target price on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, American Eagle Outfitters has an average rating of "Reduce" and an average target price of $13.94.

American Eagle Outfitters Stock Down 6.3%

NYSE AEO opened at $18.37 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.63. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The business's fifty day simple moving average is $12.72 and its 200-day simple moving average is $11.62. The firm has a market cap of $3.11 billion, a PE ratio of 17.67 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The company's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.

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