Prudential Financial Inc. Decreases Stake in American Eagle Outfitters (AEO)

Prudential Financial Inc. lessened its position in American Eagle Outfitters (NYSE:AEO) by 31.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 520,584 shares of the apparel retailer’s stock after selling 239,400 shares during the quarter. Prudential Financial Inc.’s holdings in American Eagle Outfitters were worth $12,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in shares of American Eagle Outfitters by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 65,317 shares of the apparel retailer’s stock valued at $1,519,000 after acquiring an additional 1,890 shares in the last quarter. Stevens Capital Management LP lifted its position in shares of American Eagle Outfitters by 3.2% in the second quarter. Stevens Capital Management LP now owns 75,301 shares of the apparel retailer’s stock valued at $1,751,000 after acquiring an additional 2,364 shares in the last quarter. American International Group Inc. increased its holdings in shares of American Eagle Outfitters by 0.6% in the second quarter. American International Group Inc. now owns 439,677 shares of the apparel retailer’s stock valued at $10,222,000 after purchasing an additional 2,464 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of American Eagle Outfitters by 2.2% in the second quarter. Arizona State Retirement System now owns 116,488 shares of the apparel retailer’s stock valued at $2,708,000 after purchasing an additional 2,524 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its holdings in shares of American Eagle Outfitters by 1.3% in the third quarter. Chicago Equity Partners LLC now owns 209,140 shares of the apparel retailer’s stock valued at $5,193,000 after purchasing an additional 2,680 shares during the last quarter. Institutional investors and hedge funds own 85.92% of the company’s stock.

AEO stock opened at $20.93 on Friday. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. American Eagle Outfitters has a 52-week low of $15.27 and a 52-week high of $29.88.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $964.85 million during the quarter, compared to analysts’ expectations of $937.98 million. American Eagle Outfitters had a return on equity of 20.24% and a net margin of 6.49%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Equities analysts expect that American Eagle Outfitters will post 1.49 EPS for the current year.

AEO has been the subject of several recent research reports. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Monday, November 12th. Citigroup raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $27.00 price target for the company in a report on Friday, October 19th. UBS Group increased their price target on American Eagle Outfitters from $33.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Deutsche Bank raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, November 26th. Finally, ValuEngine cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $24.63.

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 16,993 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $24.87, for a total transaction of $422,615.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by company insiders.

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About American Eagle Outfitters

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

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Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters (NYSE:AEO).

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

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