Quest Partners LLC Takes Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Quest Partners LLC purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,889 shares of the apparel retailer’s stock, valued at approximately $217,000.

A number of other large investors have also made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new position in American Eagle Outfitters during the 1st quarter valued at about $3,457,000. Seven Eight Capital LP purchased a new position in American Eagle Outfitters during the 1st quarter valued at about $1,445,000. Bayesian Capital Management LP purchased a new position in American Eagle Outfitters during the 1st quarter valued at about $598,000. Boulder Hill Capital Management LP purchased a new position in American Eagle Outfitters during the 4th quarter valued at about $2,254,000. Finally, Capstone Investment Advisors LLC purchased a new position in American Eagle Outfitters during the 4th quarter valued at about $830,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. UBS Group decreased their price target on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Barclays decreased their price target on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. TD Cowen decreased 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $25.00 price target on shares of American Eagle Outfitters in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of “Hold” and an average target price of $26.00.

American Eagle Outfitters Stock Performance

AEO opened at $19.78 on Friday. The company’s 50 day simple moving average is $20.75 and its 200 day simple moving average is $22.17. American Eagle Outfitters, Inc. has a 1 year low of $14.39 and a 1 year high of $26.44. The stock has a market capitalization of $3.89 billion, a PE ratio of 17.82, a P/E/G ratio of 0.95 and a beta of 1.50.

American Eagle Outfitters (NYSE:AEO) last released 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. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company earned $0.25 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that American Eagle Outfitters, Inc. will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s 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 legal filing with the SEC, which is available through this link. Corporate insiders own 7.30% of the company’s stock.

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.