Magnetar Financial LLC Has $172,000 Position in American Eagle Outfitters, Inc. $AEO

Key Points

• Magnetar Financial LLC has reduced its stake in American Eagle Outfitters by 55.9%, now holding 14,766 shares valued at approximately $172,000.
• Several other institutional investors have increased their investments, with GAMMA Investing LLC boosting its stake by 380.4% during the first quarter.
• American Eagle Outfitters' stock is currently trading at $13.53, with an average target price from analysts at $13.44 and a current average rating of "Reduce."

Magnetar Financial LLC lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 55.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,766 shares of the apparel retailer's stock after selling 18,732 shares during the quarter. Magnetar Financial LLC's holdings in American Eagle Outfitters were worth $172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEO. Millennium Management LLC raised its position in shares of American Eagle Outfitters by 1,510.1% during 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 during the last quarter. Cooke & Bieler LP raised its position in shares of American Eagle Outfitters by 29.9% during the first quarter. Cooke & Bieler LP now owns 7,791,193 shares of the apparel retailer's stock worth $90,534,000 after acquiring an additional 1,794,203 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of American Eagle Outfitters during the first quarter worth $18,927,000. Nuveen LLC bought a new stake in shares of American Eagle Outfitters during the first quarter worth $18,140,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $17,558,000. Institutional investors own 97.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AEO. Bank of America restated an "underperform" rating and set a $10.00 target price (down previously from $11.00) on shares of American Eagle Outfitters in a research report on Monday, August 25th. Zacks Research upgraded American Eagle Outfitters to a "hold" rating in a research report on Monday, August 11th. Citigroup upped their price objective on American Eagle Outfitters from $11.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday. Jefferies Financial Group increased their target price on American Eagle Outfitters from $11.00 to $17.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Barclays increased their target price on American Eagle Outfitters from $9.00 to $14.00 and gave the company an "underweight" rating in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $13.94.

American Eagle Outfitters Trading Up 0.2%

NYSE:AEO traded up $0.04 during mid-day trading on Friday, hitting $18.83. The company had a trading volume of 36,238,230 shares, compared to its average volume of 16,369,749. American Eagle Outfitters, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $22.63. The business's fifty day moving average is $11.86 and its two-hundred day moving average is $11.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.56 and a current ratio of 1.38. The firm has a market cap of $3.26 billion, a P/E ratio of 18.11 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a return on equity of 13.43% and a net margin of 3.74%.American Eagle Outfitters's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, research analysts expect 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.