American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,928 shares of the apparel retailer’s stock after selling 5,000 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American Eagle Outfitters were worth $897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. purchased a new stake in shares of American Eagle Outfitters in the first quarter worth about $27,000. Parallel Advisors LLC boosted its position in shares of American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of American Eagle Outfitters by 40.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after buying an additional 600 shares during the period. NBC Securities Inc. purchased a new stake in shares of American Eagle Outfitters in the first quarter worth about $59,000. Finally, CWM LLC boosted its position in shares of American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after buying an additional 1,020 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Up 0.7 %

NYSE:AEO opened at $19.01 on Tuesday. The business’s 50 day moving average is $20.75 and its two-hundred day moving average is $22.28. American Eagle Outfitters, Inc. has a 52 week low of $14.39 and a 52 week high of $26.44. The company has a market cap of $3.73 billion, a PE ratio of 17.13, a P/E/G ratio of 0.94 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $0.25 EPS. American Eagle Outfitters’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AEO. Morgan Stanley decreased their target price on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Thursday, May 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a report on Thursday, August 29th. Barclays reduced their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, August 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Finally, UBS Group reduced their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.00.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total transaction of $53,936.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters 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.