Smartleaf Asset Management LLC Acquires 1,944 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Smartleaf Asset Management LLC grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 137.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,358 shares of the apparel retailer’s stock after acquiring an additional 1,944 shares during the quarter. Smartleaf Asset Management LLC’s holdings in American Eagle Outfitters were worth $55,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after buying an additional 937 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after buying an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new position in shares of American Eagle Outfitters during the fourth quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters during the third quarter worth about $141,000. 97.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AEO shares. UBS Group decreased their price objective on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 price objective on shares of American Eagle Outfitters in a report on Thursday, March 6th. Citigroup reduced their price target on American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Raymond James started coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Stock Down 5.7 %

AEO opened at $12.11 on Tuesday. American Eagle Outfitters, Inc. has a 12-month low of $11.65 and a 12-month high of $26.25. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 10.35, a PEG ratio of 0.82 and a beta of 1.57. The business has a 50 day moving average of $15.22 and a 200-day moving average of $17.89.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.