Candriam SCA invests $240,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Candriam SCA acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,000 shares of the apparel retailer’s stock, valued at approximately $240,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in shares of 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 valued at $44,000 after acquiring an additional 600 shares during the period. Parallel Advisors LLC grew its holdings in American Eagle Outfitters by 299.7% in the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 905 shares during the period. Arizona State Retirement System boosted its position in shares of American Eagle Outfitters by 1.9% in the second quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer’s stock valued at $1,049,000 after purchasing an additional 963 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of American Eagle Outfitters by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 93,000 shares of the apparel retailer’s stock worth $1,856,000 after buying an additional 1,000 shares during the period. Finally, CWM LLC raised its stake in shares of American Eagle Outfitters by 72.3% in the first quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock worth $63,000 after purchasing an additional 1,020 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s shares.

Insider trading at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction dated Thursday, July 11th. The stock was 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 SEC, which is available at this link. Corporate insiders own 7.30% of the company’s shares.

Changes in Analyst Ratings

Several research analysts recently weighed in on AEO shares. Barclays cut their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Telsey Advisory Group reiterated a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a research report on Thursday, August 29th. UBS Group decreased their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, TD Cowen cut their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th . One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. American Eagle Outfitters has a consensus rating of “Hold” and a consensus price target of $26.00, according to MarketBeat .

Check out the latest stock analysis on AEO

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $19.11 on Thursday. American Eagle Outfitters, Inc. it has a fifty-two week low of $14.39 and a fifty-two week high of $26.44. The company has a 50-day moving average price of $20.74 and a 200-day moving average price of $22.23. The stock has a market cap of $3.75 billion, a P/E ratio of 17.22, a PEG ratio of 0.94 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO – Get Your Free Report ) last posted its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. American Eagle Outfitters’ revenue rose 7.5% year over year. In the same quarter last year, the company earned $0.25 EPS. Research analysts estimate that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

About American Eagle Outfitters

(Free Report)

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 brands by Aerie.

Further reading

Get daily news and reviews for American Eagle Outfitters – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for American Eagle Outfitters and related companies with MarketBeat.com’s FREE daily email newsletter.