AQR Capital Management LLC Has $14.64 Million Stock Position in American Eagle Outfitters, Inc. $AEO

Key Points

• AQR Capital Management increased its stake in American Eagle Outfitters by 82.9% in Q1, owning approximately $14.64 million in shares.
• The apparel retailer reported an earnings per share of $0.45 for the last quarter, surpassing estimates of $0.20.
• American Eagle Outfitters has a market capitalization of $3.11 billion and a current stock price of $17.97, with a 52-week trading range of $9.27 to $22.63.

AQR Capital Management LLC grew its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 82.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,299,149 shares of the apparel retailer's stock after purchasing an additional 588,907 shares during the quarter. AQR Capital Management LLC owned approximately 0.75% of American Eagle Outfitters worth $14,641,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AEO. GAMMA Investing LLC increased its position in American Eagle Outfitters by 380.4% during the first quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 1,841 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of American Eagle Outfitters by 38.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock worth $48,000 after purchasing an additional 1,165 shares during the period. State of Wyoming bought a new position in shares of American Eagle Outfitters during the 4th quarter worth about $49,000. AlphaQuest LLC increased its holdings in shares of American Eagle Outfitters by 654,400.0% during the 1st quarter. AlphaQuest LLC now owns 6,545 shares of the apparel retailer's stock worth $76,000 after purchasing an additional 6,544 shares during the period. Finally, Merit Financial Group LLC bought a new position in shares of American Eagle Outfitters during the 1st quarter worth about $131,000. Institutional investors own 97.33% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the stock a "buy" rating in a report on Thursday, September 4th. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Telsey Advisory Group raised their price objective on American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a research report on Thursday, September 4th. Wall Street Zen raised shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Cfra Research lowered shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a report on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $13.94.

American Eagle Outfitters Price Performance

Shares of AEO traded down $1.24 during trading hours on Friday, hitting $18.37. The stock had a trading volume of 9,933,549 shares, compared to its average volume of 17,510,228. The company's fifty day moving average is $12.72 and its two-hundred day moving average is $11.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 0.71. American Eagle Outfitters, Inc. has a 52 week low of $9.27 and a 52 week high of $22.63. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 17.67 and a beta of 1.45.

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

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Janice E. Page sold 26,869 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.04, for a total transaction of $484,716.76. Following the transaction, the director owned 90,383 shares in the company, valued at $1,630,509.32. This represents a 22.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cary D. Mcmillan sold 9,002 shares of the company'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 disclosure for this sale can be found here. Insiders have sold 135,821 shares of company stock worth $2,465,436 over the last quarter. Corporate insiders own 8.70% of the company's stock.

American Eagle Outfitters 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.