Great Lakes Advisors LLC Sells 32,607 Shares of American Eagle Outfitters, Inc. $AEO

Key Points

• Great Lakes Advisors LLC reduced its stake in American Eagle Outfitters by 16.3%, owning approximately 167,158 shares valued at $1.94 million after selling 32,607 shares.
• American Eagle Outfitters saw a 6.9% increase in its stock price, with shares opening at $19.24 and a market capitalization of $3.33 billion.
• The company reported earnings per share of $0.45 in its latest quarterly results, exceeding analysts' expectations of $0.20.

Great Lakes Advisors LLC lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 16.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,158 shares of the apparel retailer's stock after selling 32,607 shares during the period. Great Lakes Advisors LLC owned about 0.10% of American Eagle Outfitters worth $1,942,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in American Eagle Outfitters by 380.4% in 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. raised its holdings in 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 valued at $48,000 after buying an additional 1,165 shares during the last quarter. State of Wyoming purchased a new stake in American Eagle Outfitters during the 4th quarter valued at $49,000. AlphaQuest LLC grew its holdings 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 worth $76,000 after acquiring an additional 6,544 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of American Eagle Outfitters in the first quarter valued at about $131,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Eagle Outfitters news, insider Jennifer M. Foyle sold 54,950 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.14, for a total value of $996,793.00. Following the transaction, the insider owned 221,107 shares of the company's stock, valued at approximately $4,010,880.98. This represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 9,002 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $18.11, for a total value of $163,026.22. The disclosure for this sale can be found here. Insiders have sold 135,821 shares of company stock valued at $2,465,436 in the last 90 days. Insiders own 8.70% of the company's stock.

American Eagle Outfitters Stock Down 0.1%

Shares of AEO stock traded down $0.03 during mid-day trading on Tuesday, hitting $19.60. The company's stock had a trading volume of 2,210,772 shares, compared to its average volume of 9,523,969. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $22.63. The business has a 50-day moving average price of $12.92 and a 200 day moving average price of $11.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.71 and a current ratio of 1.62. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 18.88 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly 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 return on equity of 13.67% and a net margin of 3.74%.The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company's revenue was down .6% on a year-over-year basis. Research analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on AEO shares. Morgan Stanley set a $10.00 target price on shares of American Eagle Outfitters and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Telsey Advisory Group increased their price objective on American Eagle Outfitters from $12.00 to $18.00 and gave the stock a "market perform" rating in a report on Thursday, September 4th. Jefferies Financial Group increased their price objective on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a report on Thursday, September 4th. Cfra Research cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, Citigroup increased their price objective on American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a report 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 given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $13.94.

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.