Scout Investments Inc. lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,001,647 shares of the apparel retailer’s stock after selling 101,051 shares during the period. Scout Investments Inc. owned approximately 0.57% of American Eagle Outfitters worth $12,070,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AEO. Glen Harbor Capital Management LLC increased its stake in shares of American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 2,877 shares in the last quarter. Elkfork Partners LLC increased its stake in shares of American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock valued at $129,000 after buying an additional 196 shares in the last quarter. Ronald Blue & Co. LLC increased its stake in shares of American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock valued at $126,000 after buying an additional 311 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new stake in shares of American Eagle Outfitters during the first quarter valued at about $147,000. 83.91% of the stock is owned by institutional investors.

Shares of American Eagle Outfitters, Inc. (AEO) opened at 12.29 on Friday. The stock’s 50 day moving average is $11.77 and its 200-day moving average is $12.79. American Eagle Outfitters, Inc. has a 1-year low of $10.23 and a 1-year high of $19.02. The firm has a market cap of $2.18 billion, a PE ratio of 12.62 and a beta of 1.07.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, August 23rd. The apparel retailer reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $845 million for the quarter, compared to the consensus estimate of $823.84 million. American Eagle Outfitters had a net margin of 4.85% and a return on equity of 18.25%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Analysts expect that American Eagle Outfitters, Inc. will post $1.13 earnings per share for the current year.

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A number of research analysts recently weighed in on AEO shares. UBS AG reaffirmed a “neutral” rating and issued a $11.00 target price (down previously from $17.00) on shares of American Eagle Outfitters in a research report on Friday, May 19th. B. Riley reaffirmed a “neutral” rating and issued a $12.50 target price on shares of American Eagle Outfitters in a research report on Thursday, May 18th. Buckingham Research reaffirmed a “neutral” rating on shares of American Eagle Outfitters in a research report on Thursday, August 24th. BMO Capital Markets set a $15.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $13.00 target price (up previously from $12.00) on shares of American Eagle Outfitters in a research report on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $14.75.

American Eagle Outfitters Company 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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