American Eagle Outfitters, Inc. (NYSE:AEO) Stock Holdings Lifted by Comerica Bank

Comerica Bank lifted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO – Get Rating) by 68.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 125,840 shares of the apparel retailer’s stock after purchasing an additional 51,278 shares during the period. Comerica Bank’s holdings in American Eagle Outfitters were worth $1,352,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AEO. Raymond James & Associates lifted its position in shares of American Eagle Outfitters by 14.4% in the 1st quarter. Raymond James & Associates now owns 97,811 shares of the apparel retailer’s stock worth $1,643,000 after buying an additional 12,318 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of American Eagle Outfitters by 6.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,670 shares of the apparel retailer’s stock worth $330,000 after buying an additional 1,241 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of American Eagle Outfitters by 70.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,172 shares of the apparel retailer’s stock worth $339,000 after buying an additional 8,343 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in American Eagle Outfitters by 11.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,501 shares of the apparel retailer’s stock valued at $344,000 after purchasing an additional 2,129 shares during the last quarter. Finally, AlphaCrest Capital Management LLC bought a new stake in American Eagle Outfitters in the 1st quarter valued at about $432,000. 93.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEO. Cowen lifted their price objective on shares of American Eagle Outfitters to $15.00 in a research report on Thursday, November 24th. Morgan Stanley reiterated an “underweight” rating and issued a $12.00 price objective on shares of American Eagle Outfitters in a research report on Thursday, January 12th. BMO Capital Markets lifted their price objective on shares of American Eagle Outfitters from $10.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 23rd. Citigroup lifted their price objective on shares of American Eagle Outfitters from $10.00 to $17.00 in a research report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of American Eagle Outfitters from $16.00 to $15.00 in a research report on Tuesday, January 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.38.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $14.91 on Monday. The firm’s 50 day moving average is $14.84 and its 200-day moving average is $12.57. The stock has a market capitalization of $2.79 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.46 and a beta of 1.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.86 and a quick ratio of 0.70. American Eagle Outfitters, Inc. has a 12-month low of $9.46 and a 12-month high of $24.50.

American Eagle Outfitters (NYSE:AEO – Get Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The apparel retailer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.19. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.21 billion. American Eagle Outfitters had a net margin of 2.42% and a return on equity of 13.56%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 0.88 EPS for the current fiscal year.

About American Eagle Outfitters

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