Systematic Financial Management LP Decreases Position in American Eagle Outfitters (AEO)

Systematic Financial Management LP cut its holdings in American Eagle Outfitters (NYSE:AEO) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,267,321 shares of the apparel retailer’s stock after selling 54,278 shares during the period. Systematic Financial Management LP owned approximately 0.71% of American Eagle Outfitters worth $23,826,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AEO. Victory Capital Management Inc. grew its stake in shares of American Eagle Outfitters by 6,294.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,211,964 shares of the apparel retailer’s stock valued at $41,585,000 after acquiring an additional 2,177,371 shares in the last quarter. Senvest Management LLC acquired a new position in shares of American Eagle Outfitters in the third quarter valued at about $22,737,000. Ameriprise Financial Inc. grew its stake in shares of American Eagle Outfitters by 205.6% in the third quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock valued at $32,611,000 after acquiring an additional 1,534,344 shares in the last quarter. Majedie Asset Management Ltd acquired a new position in shares of American Eagle Outfitters in the third quarter valued at about $18,202,000. Finally, Hamlin Capital Management LLC grew its stake in shares of American Eagle Outfitters by 16.4% in the third quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock valued at $95,489,000 after acquiring an additional 940,045 shares in the last quarter. Institutional investors and hedge funds own 84.59% of the company’s stock.

A number of brokerages have issued reports on AEO. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. B. Riley increased their price objective on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. BMO Capital Markets set a $21.00 price objective on shares of American Eagle Outfitters and gave the stock a “buy” rating in a research note on Tuesday, December 19th. ValuEngine upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Finally, Telsey Advisory Group increased their price objective on shares of American Eagle Outfitters from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.79.

American Eagle Outfitters (AEO) opened at $18.05 on Tuesday. The company has a market cap of $3,269.56, a PE ratio of 20.04, a PEG ratio of 2.47 and a beta of 1.14. American Eagle Outfitters has a fifty-two week low of $10.23 and a fifty-two week high of $19.48.

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

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

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