American Eagle Outfitters, Inc. $AEO Shares Purchased by Millennium Management LLC

Key Points

• Millennium Management LLC increased its holdings in American Eagle Outfitters by 37.7% during the first quarter, owning approximately 3.46 million shares worth about $40.16 million.
• Analysts have mixed ratings on American Eagle Outfitters, with one analyst rating it as a "Buy" and several others issuing "Hold" and "Sell" ratings, resulting in a consensus price target of $13.94.
• American Eagle Outfitters reported a quarterly earnings per share of $0.45, beating estimates of $0.20, along with a revenue of $1.28 billion that surpassed expectations of $1.23 billion.

Millennium Management LLC boosted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 37.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,455,961 shares of the apparel retailer's stock after buying an additional 946,904 shares during the period. Millennium Management LLC owned 2.00% of American Eagle Outfitters worth $40,158,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of American Eagle Outfitters by 24.1% during the fourth 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 holdings in shares of American Eagle Outfitters by 58.4% during the 4th quarter. Deutsche Bank AG now owns 172,981 shares of the apparel retailer's stock valued at $2,884,000 after purchasing an additional 63,794 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $777,000. Lighthouse Investment Partners LLC purchased a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $4,168,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of American Eagle Outfitters by 1.3% during 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 purchasing an additional 1,282 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

Insider Activity

In other news, insider Jennifer M. Foyle sold 54,950 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $18.14, for a total transaction of $996,793.00. Following the sale, the insider directly owned 221,107 shares in the company, valued at $4,010,880.98. This trade represents a 19.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David M. Sable sold 5,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $19.22, for a total value of $96,100.00. Following the sale, the director owned 48,640 shares in the company, valued at $934,860.80. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,821 shares of company stock worth $2,465,436. 8.70% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO traded up $0.98 during trading on Monday, reaching $19.32. 3,796,273 shares of the company traded hands, compared to its average volume of 9,503,091. The firm's fifty day simple moving average is $12.72 and its 200 day simple moving average is $11.60. The stock has a market cap of $3.27 billion, a P/E ratio of 18.59 and a beta of 1.44. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.63. The company has a current ratio of 1.62, a quick ratio of 0.71 and a debt-to-equity ratio of 0.13.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.25. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion. American Eagle Outfitters had a return on equity of 13.67% and a net margin of 3.74%.The company's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AEO shares. Cfra Research lowered American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a report on Friday, June 6th. Telsey Advisory Group increased their price objective on American Eagle Outfitters from $12.00 to $18.00 and gave the company a "market perform" rating in a report on Thursday, September 4th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $9.00 price objective on shares of American Eagle Outfitters in a report on Monday, July 28th. Zacks Research upgraded American Eagle Outfitters to a "hold" rating in a report on Monday, August 11th. Finally, Citigroup raised their target price on American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters has an average 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.