37,971 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Purchased by Cerity Partners LLC

Cerity Partners LLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEOGet Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 37,971 shares of the apparel retailer’s stock, valued at approximately $425,000.

Several other institutional investors have also bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its holdings in American Eagle Outfitters by 5.8% in the first quarter. Crossmark Global Holdings Inc. now owns 14,260 shares of the apparel retailer’s stock worth $239,000 after purchasing an additional 780 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in American Eagle Outfitters by 6.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock worth $330,000 after purchasing an additional 1,241 shares during the period. Victory Capital Management Inc. lifted its holdings in American Eagle Outfitters by 3.9% in the second quarter. Victory Capital Management Inc. now owns 33,074 shares of the apparel retailer’s stock worth $370,000 after purchasing an additional 1,246 shares during the period. Robotti Robert lifted its holdings in American Eagle Outfitters by 1.5% in the first quarter. Robotti Robert now owns 108,244 shares of the apparel retailer’s stock worth $1,818,000 after purchasing an additional 1,558 shares during the period. Finally, Xponance Inc. lifted its holdings in American Eagle Outfitters by 7.0% in the second quarter. Xponance Inc. now owns 24,094 shares of the apparel retailer’s stock worth $269,000 after purchasing an additional 1,582 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Cowen reduced their price objective on shares of American Eagle Outfitters from $13.00 to $11.00 and set a “market perform” rating for the company in a report on Thursday, September 8th. StockNews.com began coverage on shares of American Eagle Outfitters in a report on Wednesday, October 12th. They issued a “sell” rating for the company. UBS Group cut their price target on shares of American Eagle Outfitters to $16.00 in a report on Tuesday, August 30th. Barclays upped their price target on shares of American Eagle Outfitters from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, September 9th. Finally, Bank of America downgraded shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating and cut their price target for the company from $16.00 to $8.00 in a report on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus target price of $13.77.

American Eagle Outfitters Price Performance

AEO stock opened at $12.92 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.68 and a debt-to-equity ratio of 0.27. American Eagle Outfitters, Inc. has a one year low of $9.46 and a one year high of $29.19. The firm has a market capitalization of $2.42 billion, a PE ratio of 14.20, a P/E/G ratio of 1.66 and a beta of 1.34. The firm has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.85.

American Eagle Outfitters (NYSE:AEOGet Rating) last issued its earnings results on Wednesday, September 7th. The apparel retailer reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. American Eagle Outfitters had a net margin of 3.81% and a return on equity of 19.05%. American Eagle Outfitters’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, analysts forecast that American Eagle Outfitters, Inc. will post 0.66 earnings per share for the current year.

About American Eagle Outfitters

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American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company provides jeans, and specialty apparel and accessories for women and men; and intimates, apparel, activewear, and swim collections, as well as personal care products for women.

See Also

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

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