Bridgeway Capital Management Inc. Acquires New Position in American Eagle Outfitters (AEO)

Bridgeway Capital Management Inc. acquired a new position in American Eagle Outfitters (NYSE:AEO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 117,900 shares of the apparel retailer’s stock, valued at approximately $2,927,000. Bridgeway Capital Management Inc. owned 0.07% of American Eagle Outfitters as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEO. Bank of Montreal Can grew its position in American Eagle Outfitters by 16.7% during the second quarter. Bank of Montreal Can now owns 66,623 shares of the apparel retailer’s stock valued at $1,548,000 after purchasing an additional 9,513 shares in the last quarter. Acadian Asset Management LLC purchased a new position in American Eagle Outfitters during the second quarter valued at approximately $1,338,000. Eqis Capital Management Inc. purchased a new position in American Eagle Outfitters during the second quarter valued at approximately $213,000. Dupont Capital Management Corp grew its position in American Eagle Outfitters by 22.4% during the second quarter. Dupont Capital Management Corp now owns 56,178 shares of the apparel retailer’s stock valued at $1,306,000 after purchasing an additional 10,278 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in American Eagle Outfitters by 40.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 126,000 shares of the apparel retailer’s stock worth $2,930,000 after acquiring an additional 36,000 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Shares of American Eagle Outfitters stock opened at $20.93 on Monday. American Eagle Outfitters has a 1-year low of $15.27 and a 1-year high of $29.88. The firm has a market capitalization of $3.71 billion, a PE ratio of 15.17, a PEG ratio of 1.46 and a beta of 0.78.

In other news, Director Cary D. Mcmillan sold 16,993 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $24.87, for a total value of $422,615.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

Several analysts have commented on AEO shares. Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. ValuEngine downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Bank of America downgraded shares of 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 shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Wedbush downgraded shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Monday, August 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. American Eagle Outfitters currently has an average rating of “Buy” and a consensus price target 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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Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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