Vident Advisory LLC Buys New Stake in American Eagle Outfitters, Inc. $AEO

Key Points

• Vident Advisory LLC acquired a stake in American Eagle Outfitters, purchasing 37,318 shares valued at approximately $434,000 in the first quarter.
• The company's quarterly earnings report revealed an EPS of $0.45, surpassing estimates and showing a net revenue of $1.28 billion despite a 0.6% decline from the previous year.
• American Eagle Outfitters is currently heavily owned by institutional investors, with 97.33% of its stock held by hedge funds and similar entities.

Vident Advisory LLC purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 37,318 shares of the apparel retailer's stock, valued at approximately $434,000.

Several other large investors have also modified their holdings of AEO. Millennium Management LLC raised its holdings in shares of 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 purchasing 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% during the 1st 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 in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $18,927,000. Nuveen LLC bought a new position in shares of American Eagle Outfitters during the 1st quarter worth approximately $18,140,000. Finally, Voloridge Investment Management LLC bought a new position in shares of American Eagle Outfitters during the 4th quarter worth approximately $17,558,000. Institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

Shares of AEO stock traded down $1.24 during trading hours on Friday, hitting $18.37. The company's stock had a trading volume of 9,933,549 shares, compared to its average volume of 17,510,228. The company has a 50 day moving average of $12.72 and a 200 day moving average of $11.62. The stock has a market cap of $3.11 billion, a PE ratio of 17.67 and a beta of 1.45. 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, Inc. has a 12-month low of $9.27 and a 12-month high of $22.63.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.20 by $0.25. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts forecast 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 Noel Joseph Spiegel sold 40,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Cary D. Mcmillan sold 9,002 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $18.11, for a total transaction of $163,026.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,821 shares of company stock worth $2,465,436. Insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research upgraded shares of American Eagle Outfitters to a "hold" rating in a research note on Monday, August 11th. Jefferies Financial Group boosted their price objective on shares of American Eagle Outfitters from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Thursday, September 4th. Barclays boosted their price objective on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the stock an "underweight" rating in a research note on Thursday, September 4th. Wall Street Zen upgraded shares of American Eagle Outfitters from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Cfra Research lowered shares of American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 6th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $13.94.

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.