American Century Companies Inc. Purchases 684,420 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

American Century Companies Inc. raised its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 18.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,472,073 shares of the apparel retailer’s stock after acquiring an additional 684,420 shares during the quarter. American Century Companies Inc. owned approximately 2.28% of American Eagle Outfitters worth $89,263,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AEO. Victory Capital Management Inc. increased its position in American Eagle Outfitters by 53.0% in the fourth quarter. Victory Capital Management Inc. now owns 81,684 shares of the apparel retailer’s stock worth $1,728,000 after buying an additional 28,282 shares in the last quarter. Natixis Advisors L.P. increased its position in American Eagle Outfitters by 63.9% in the fourth quarter. Natixis Advisors L.P. now owns 35,224 shares of the apparel retailer’s stock worth $745,000 after buying an additional 13,736 shares in the last quarter. Quadrant Capital Group LLC increased its position in American Eagle Outfitters by 30.1% in the fourth quarter. Quadrant Capital Group LLC now owns 7,840 shares of the apparel retailer’s stock worth $166,000 after buying an additional 1,815 shares in the last quarter. Norges Bank purchased a new stake in American Eagle Outfitters in the fourth quarter worth about $20,917,000. Finally, PNC Financial Services Group Inc. increased its position in American Eagle Outfitters by 11.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,884 shares of the apparel retailer’s stock worth $484,000 after buying an additional 2,428 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

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

American Eagle Outfitters Price Performance

NYSE:AEO opened at $19.78 on Friday. American Eagle Outfitters, Inc. has a 1 year low of $14.39 and a 1 year high of $26.44. The stock’s 50 day simple moving average is $20.75 and its two-hundred day simple moving average is $22.17. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 0.95 and a beta of 1.50.

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

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate 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.