Fisher Asset Management LLC Sells 189,225 Shares of American Eagle Outfitters, Inc. $AEO

Fisher Asset Management LLC trimmed its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 7.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,487,082 shares of the apparel retailer’s stock after selling 189,225 shares during the quarter. Fisher Asset Management LLC’s holdings in American Eagle Outfitters were worth $42,554,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada raised its position in American Eagle Outfitters by 24.8% during the first quarter. Royal Bank of Canada now owns 162,243 shares of the apparel retailer’s stock valued at $1,885,000 after purchasing an additional 32,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American Eagle Outfitters by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,726 shares of the apparel retailer’s stock valued at $1,229,000 after purchasing an additional 4,599 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of American Eagle Outfitters by 1,238.2% during the 1st quarter. Jones Financial Companies Lllp now owns 52,551 shares of the apparel retailer’s stock valued at $611,000 after purchasing an additional 48,624 shares during the last quarter. Empowered Funds LLC raised its holdings in American Eagle Outfitters by 9.6% during the 1st quarter. Empowered Funds LLC now owns 15,937 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 1,398 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in American Eagle Outfitters by 20.9% in the second quarter. Envestnet Asset Management Inc. now owns 82,615 shares of the apparel retailer’s stock worth $795,000 after buying an additional 14,260 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 1,896 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $25.66, for a total transaction of $48,651.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer M. Foyle sold 243,047 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $24.30, for a total transaction of $5,906,042.10. Following the completion of the sale, the insider directly owned 191,751 shares of the company’s stock, valued at $4,659,549.30. The trade was a 55.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 246,839 shares of company stock worth $6,004,388 in the last three months. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AEO. Royal Bank Of Canada set a $23.00 price objective on shares of American Eagle Outfitters in a research report on Wednesday, December 3rd. Barclays lifted their price target on shares of American Eagle Outfitters from $20.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 6th. Citigroup increased their price objective on shares of American Eagle Outfitters from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Telsey Advisory Group restated a “market perform” rating and set a $28.00 target price on shares of American Eagle Outfitters in a research report on Thursday, February 26th. Finally, Bank of America increased their price target on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.45.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $22.26 on Wednesday. The firm’s 50 day simple moving average is $25.08 and its 200-day simple moving average is $20.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.59 and a current ratio of 1.63. American Eagle Outfitters, Inc. has a one year low of $9.27 and a one year high of $28.46. The firm has a market cap of $3.77 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 5.89 and a beta of 1.39.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Tuesday, December 2nd. The apparel retailer reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.10. American Eagle Outfitters had a return on equity of 13.82% and a net margin of 3.90%.The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. American Eagle Outfitters’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that American Eagle Outfitters, Inc. will post 1.7 EPS for the current year.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.