American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP trimmed its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,383,530 shares of the apparel retailer’s stock after selling 74,030 shares during the period. Cooke & Bieler LP’s holdings in American Eagle Outfitters were worth $127,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AEO. Parallel Advisors LLC grew its position in American Eagle Outfitters by 299.7% during the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 905 shares during the period. UMB Bank n.a. acquired a new stake in American Eagle Outfitters during the 1st quarter worth about $27,000. Nomura Asset Management Co. Ltd. grew its position in American Eagle Outfitters by 40.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 600 shares during the period. NBC Securities Inc. acquired a new stake in American Eagle Outfitters during the 1st quarter worth about $59,000. Finally, Federated Hermes Inc. grew its position in American Eagle Outfitters by 54.2% during the 4th quarter. Federated Hermes Inc. now owns 2,984 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,049 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock traded up $0.30 during midday trading on Wednesday, reaching $19.89. The company had a trading volume of 1,306,503 shares, compared to its average volume of 4,645,958. The firm’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $22.37. The company has a market capitalization of $3.91 billion, a P/E ratio of 17.65, a P/E/G ratio of 0.96 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12-month low of $14.39 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. On average, analysts expect that American Eagle Outfitters, Inc. will post 1.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AEO shares. TD Cowen cut their price target on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th. Morgan Stanley cut their price target on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Thursday, May 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, August 29th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday. Finally, UBS Group dropped their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $25.33.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.