Kettle Hill Capital Management LLC Purchases Shares of 744,977 American Eagle Outfitters, Inc. $AEO

Key Points

• Kettle Hill Capital Management LLC acquired a new stake in American Eagle Outfitters, purchasing 744,977 shares valued at approximately $8.7 million, which represents 2.4% of their investment portfolio.
• American Eagle Outfitters reported earnings of $0.45 per share for the latest quarter, exceeding analysts' expectations and generating a net margin of 3.74%.
• Institutional investors hold approximately 97.33% of the company's stock, indicating strong institutional interest in American Eagle Outfitters.

Kettle Hill Capital Management LLC bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 744,977 shares of the apparel retailer's stock, valued at approximately $8,657,000. American Eagle Outfitters accounts for about 2.4% of Kettle Hill Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Kettle Hill Capital Management LLC owned about 0.43% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AEO. Junto Capital Management LP purchased a new position in shares of American Eagle Outfitters during the first quarter valued at $38,588,000. Millennium Management LLC boosted its holdings in American Eagle Outfitters by 1,510.1% in the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock worth $41,826,000 after acquiring an additional 2,353,225 shares in the last quarter. Cooke & Bieler LP raised its stake in shares of American Eagle Outfitters by 29.9% in the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after purchasing an additional 1,794,203 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of American Eagle Outfitters in the first quarter worth about $18,927,000. Finally, Nuveen LLC purchased a new position in American Eagle Outfitters during the first quarter valued at approximately $18,140,000. Hedge funds and other institutional investors own 97.33% of the company's stock.

Analyst Ratings Changes

AEO has been the subject of a number of recent analyst reports. BMO Capital Markets cut their price objective on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, May 14th. Jefferies Financial Group boosted their price objective on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Thursday, September 4th. Wall Street Zen raised American Eagle Outfitters from a "sell" rating to a "hold" rating in a research note on Friday. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, Barclays upped their price target on American Eagle Outfitters from $9.00 to $14.00 and gave the company an "underweight" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, American Eagle Outfitters presently has an average rating of "Reduce" and an average target price of $13.94.

American Eagle Outfitters Price Performance

AEO traded down $0.35 during trading on Tuesday, reaching $17.97. The stock had a trading volume of 12,360,437 shares, compared to its average volume of 9,488,683. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 17.28 and a beta of 1.44. American Eagle Outfitters, Inc. has a 1-year low of $9.27 and a 1-year high of $22.63. The stock has a 50 day moving average of $12.04 and a two-hundred day moving average of $11.45. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13.

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 analysts' expectations of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. American Eagle Outfitters's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

About American Eagle Outfitters

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.