Senvest Management LLC cut its stake in shares of American Eagle Outfitters (NYSE:AEO) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,258,791 shares of the apparel retailer’s stock after selling 156,000 shares during the quarter. American Eagle Outfitters accounts for about 2.4% of Senvest Management LLC’s holdings, making the stock its 11th biggest holding. Senvest Management LLC owned approximately 0.71% of American Eagle Outfitters worth $31,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. First Quadrant L P CA grew its holdings in American Eagle Outfitters by 660.9% in the 3rd quarter. First Quadrant L P CA now owns 4,459 shares of the apparel retailer’s stock valued at $111,000 after buying an additional 3,873 shares in the last quarter. MUFG Americas Holdings Corp grew its holdings in shares of American Eagle Outfitters by 99.3% during the second quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock valued at $149,000 after purchasing an additional 3,193 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of American Eagle Outfitters by 86.0% during the third quarter. Meeder Asset Management Inc. now owns 7,488 shares of the apparel retailer’s stock valued at $186,000 after purchasing an additional 3,462 shares during the last quarter. Bridgewater Associates LP bought a new position in American Eagle Outfitters in the 2nd quarter worth approximately $202,000. Finally, Stanley Laman Group Ltd. bought a new position in American Eagle Outfitters in the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
Shares of NYSE:AEO traded down $0.77 on Tuesday, reaching $20.57. 65,008 shares of the company traded hands, compared to its average volume of 4,066,134. American Eagle Outfitters has a fifty-two week low of $15.92 and a fifty-two week high of $29.88. The company has a market capitalization of $3.71 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.46 and a beta of 0.78.
A number of equities analysts recently issued reports on AEO shares. Zacks Investment Research lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Bank of America downgraded American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 target price for the company. in a research report on Thursday, November 1st. Deutsche Bank downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Wedbush downgraded American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Monday, August 27th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.63.
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American Eagle Outfitters Company Profile
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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