Los Angeles Capital Management LLC Has $2.47 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Los Angeles Capital Management LLC trimmed its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,780 shares of the apparel retailer’s stock after selling 10,280 shares during the period. Los Angeles Capital Management LLC owned about 0.06% of American Eagle Outfitters worth $2,471,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. raised its stake in shares of American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 600 shares during the period. Parallel Advisors LLC raised its position in American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 905 shares during the last quarter. Arizona State Retirement System lifted its stake in American Eagle Outfitters by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after acquiring an additional 963 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in American Eagle Outfitters by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after acquiring an additional 1,000 shares during the last quarter. Finally, CWM LLC grew its stake in shares of American Eagle Outfitters by 72.3% during the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after acquiring an additional 1,020 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

American Eagle Outfitters Stock Up 0.7 %

Shares of NYSE AEO opened at $19.01 on Tuesday. The business’s 50 day moving average price is $20.75 and its two-hundred day moving average price is $22.28. The company has a market cap of $3.73 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50. American Eagle Outfitters, Inc. has a twelve month low of $14.39 and a twelve month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on AEO. Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 price objective on shares of American Eagle Outfitters in a research report on Thursday, August 29th. Barclays reduced their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. TD Cowen lowered their target price on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, UBS Group lowered their price target on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $20.93, for a total transaction of $53,936.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

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.