15,849 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Acquired by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,849 shares of the apparel retailer’s stock, valued at approximately $316,000.

Several other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in shares of 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 in the last quarter. UMB Bank n.a. acquired a new stake in shares of American Eagle Outfitters during the first quarter worth about $27,000. Nomura Asset Management Co. Ltd. raised its position in shares of American Eagle Outfitters by 40.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 600 shares during the period. NBC Securities Inc. bought a new position in shares of American Eagle Outfitters during the 1st quarter valued at about $59,000. Finally, CWM LLC grew its position in shares of American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after purchasing 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 Performance

Shares of NYSE AEO opened at $19.78 on Friday. The stock has a market capitalization of $3.89 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50. American Eagle Outfitters, Inc. has a 52 week low of $14.39 and a 52 week high of $26.44. The stock has a 50 day moving average price of $20.75 and a 200 day moving average price of $22.18.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current year.

Insider Transactions at American Eagle Outfitters

In related 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 value of $53,936.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.