Parallax Volatility Advisers L.P. Acquires New Stake in American Eagle Outfitters, Inc. $AEO

Key Points

• Parallax Volatility Advisers L.P. purchased 45,700 shares of American Eagle Outfitters, valued at approximately $531,000, marking a significant new position in the apparel retailer.
• Multiple institutional investors have recently increased their stakes in American Eagle Outfitters, with AQR Capital Management notably raising its holdings by 82.9% during the first quarter.
• Analysts have mixed views on the stock, with one upgrade to a "hold" rating but overall consensus remaining at a "Reduce" with a target price of $13.94.

Parallax Volatility Advisers L.P. purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 45,700 shares of the apparel retailer's stock, valued at approximately $531,000.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of American Eagle Outfitters by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 10,570,088 shares of the apparel retailer's stock worth $122,820,000 after acquiring an additional 346,135 shares during the last quarter. Cooke & Bieler LP boosted 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 acquiring an additional 1,794,203 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of American Eagle Outfitters by 9.3% in the first quarter. American Century Companies Inc. now owns 6,017,034 shares of the apparel retailer's stock worth $69,918,000 after acquiring an additional 511,694 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of American Eagle Outfitters by 22.2% in the first quarter. Victory Capital Management Inc. now owns 5,305,889 shares of the apparel retailer's stock worth $61,654,000 after acquiring an additional 962,730 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of American Eagle Outfitters by 37.7% in the first quarter. Millennium Management LLC now owns 3,455,961 shares of the apparel retailer's stock worth $40,158,000 after acquiring an additional 946,904 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Trading Down 6.3%

NYSE:AEO traded down $1.24 on Friday, reaching $18.37. The company's stock had a trading volume of 9,933,549 shares, compared to its average volume of 17,510,228. American Eagle Outfitters, Inc. has a 12-month low of $9.27 and a 12-month high of $22.63. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 17.67 and a beta of 1.45. The stock has a 50 day moving average price of $12.72 and a 200 day moving average price of $11.61.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AEO. Cfra Research downgraded American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 6th. Morgan Stanley set a $10.00 price objective on American Eagle Outfitters and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Citigroup lifted their price objective on American Eagle Outfitters from $11.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, September 4th. Bank of America reiterated an "underperform" rating and set a $10.00 price objective (down previously from $11.00) on shares of American Eagle Outfitters in a research report on Monday, August 25th. Finally, Jefferies Financial Group lifted their price objective on American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, September 4th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $13.94.

Insider Buying and Selling

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

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.