Great Lakes Advisors LLC Has $1.94 Million Stake in 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 stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,158 shares of the apparel retailer's stock after selling 32,607 shares during the quarter. 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.

A number of other hedge funds have also recently added to or reduced their stakes in AEO. Bank of America Corp DE grew its holdings in shares of American Eagle Outfitters by 24.1% during the 4th quarter. Bank of America Corp DE now owns 441,323 shares of the apparel retailer's stock worth $7,357,000 after purchasing an additional 85,775 shares in the last quarter. Deutsche Bank AG lifted its position in American Eagle Outfitters by 58.4% during the fourth quarter. Deutsche Bank AG now owns 172,981 shares of the apparel retailer's stock worth $2,884,000 after purchasing an additional 63,794 shares during the period. Gotham Asset Management LLC acquired a new stake in American Eagle Outfitters during the fourth quarter worth about $777,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in American Eagle Outfitters by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,127 shares of the apparel retailer's stock valued at $1,686,000 after buying an additional 1,282 shares during the period. Finally, Millennium Management LLC increased its holdings in American Eagle Outfitters by 1,510.1% in the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after buying an additional 2,353,225 shares during the period. Institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Stock Up 6.9%

Shares of NYSE:AEO opened at $19.24 on Thursday. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $22.63. The company has a market capitalization of $3.33 billion, a PE ratio of 18.50 and a beta of 1.45. 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 company has a fifty day moving average of $12.37 and a 200-day moving average of $11.55.

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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.39 EPS. American Eagle Outfitters's quarterly revenue was down .6% compared to the same quarter last year. On average, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 9,002 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Noel Joseph Spiegel sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were 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 three months, insiders have sold 130,821 shares of company stock valued at $2,369,336. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Cfra Research downgraded shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a report on Friday, June 6th. Telsey Advisory Group upped their target price on 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. Morgan Stanley set a $10.00 target price on American Eagle Outfitters and gave the company an "equal weight" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. reissued an "underweight" rating and set a $9.00 price target on shares of American Eagle Outfitters in a report on Monday, July 28th. Finally, Jefferies Financial Group raised their price objective on American Eagle Outfitters from $11.00 to $17.00 and gave the company a "hold" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $13.94.

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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