Afam Capital Inc. Sells 4,300 Shares of American Eagle Outfitters (AEO)

Afam Capital Inc. lowered its stake in American Eagle Outfitters (NYSE:AEO) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 370,026 shares of the apparel retailer’s stock after selling 4,300 shares during the period. Afam Capital Inc.’s holdings in American Eagle Outfitters were worth $6,956,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Lenox Wealth Management Inc. increased its position in shares of American Eagle Outfitters by 8.9% in the fourth quarter. Lenox Wealth Management Inc. now owns 32,763 shares of the apparel retailer’s stock worth $616,000 after purchasing an additional 2,675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Eagle Outfitters by 35.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock worth $217,000 after purchasing an additional 2,993 shares during the period. Mackenzie Financial Corp increased its position in shares of American Eagle Outfitters by 2.0% in the third quarter. Mackenzie Financial Corp now owns 201,000 shares of the apparel retailer’s stock worth $2,874,000 after purchasing an additional 4,000 shares during the period. Stifel Financial Corp increased its position in shares of American Eagle Outfitters by 1.7% in the third quarter. Stifel Financial Corp now owns 246,362 shares of the apparel retailer’s stock worth $3,522,000 after purchasing an additional 4,217 shares during the period. Finally, First Allied Advisory Services Inc. increased its position in shares of American Eagle Outfitters by 40.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 15,986 shares of the apparel retailer’s stock worth $304,000 after purchasing an additional 4,580 shares during the period. Institutional investors own 83.21% of the company’s stock.

AEO has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating on shares of American Eagle Outfitters in a research report on Wednesday, November 1st. Buckingham Research upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, January 11th. SunTrust Banks restated a “buy” rating and issued a $21.00 price target on shares of American Eagle Outfitters in a research report on Tuesday, January 9th. BMO Capital Markets set a $21.00 price target on American Eagle Outfitters and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, ValuEngine upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.79.

Shares of American Eagle Outfitters (NYSE AEO) opened at $18.44 on Friday. The firm has a market capitalization of $3,270.00, a PE ratio of 20.26, a P/E/G ratio of 2.44 and a beta of 1.14. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $19.48.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. equities research analysts predict that American Eagle Outfitters will post 1.16 EPS for the current fiscal year.

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American Eagle Outfitters Profile

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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