Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,851 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,689 shares of the apparel retailer’s stock after buying an additional 4,851 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Eagle Outfitters were worth $892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEO. Nomura Asset Management Co. Ltd. increased its stake 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 worth $44,000 after purchasing an additional 600 shares during the last quarter. Parallel Advisors LLC increased its position in American Eagle Outfitters by 299.7% during the fourth quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in 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 valued at $1,856,000 after buying an additional 1,000 shares in the last quarter. CWM LLC lifted its position 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 buying an additional 1,020 shares during the last quarter. Finally, UMB Bank n.a. bought a new stake in shares of American Eagle Outfitters during the 1st quarter worth about $27,000. Institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,577 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the subject of several analyst reports. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday. Barclays reduced their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Morgan Stanley dropped their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. UBS Group cut their target price on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.33.

American Eagle Outfitters Price Performance

Shares of AEO stock opened at $19.59 on Wednesday. American Eagle Outfitters, Inc. has a one year low of $14.39 and a one year high of $26.44. The stock has a fifty day moving average price of $20.80 and a 200 day moving average price of $22.37. The stock has a market cap of $3.85 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company 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 firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.79 EPS for the current year.

American Eagle Outfitters 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.