Genesee Valley Trust Co buys $980,495 stake in American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) : Genesee Valley Trust Co scooped up 4,066 additional shares in American Eagle Outfitters during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 55,177 shares of American Eagle Outfitters which is valued at $980,495.American Eagle Outfitters makes up approximately 0.64% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , First Dallas Securities reduced its stake in AEO by selling 15,700 shares or 35.92% in the most recent quarter. The Hedge Fund company now holds 28,010 shares of AEO which is valued at $497,738. American Eagle Outfitters makes up approx 0.37% of First Dallas Securities’s portfolio.Botty Investors reduced its stake in AEO by selling 1,790 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 29,995 shares of AEO which is valued at $515,014. American Eagle Outfitters makes up approx 0.28% of Botty Investors’s portfolio.Kanaly Trust Co reduced its stake in AEO by selling 19 shares or 8.23% in the most recent quarter. The Hedge Fund company now holds 212 shares of AEO which is valued at $3,640.Nisa Investment Advisors reduced its stake in AEO by selling 1,100 shares or 35.48% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of AEO which is valued at $34,300.Bnp Paribas Arbitrage Sa boosted its stake in AEO in the latest quarter, The investment management firm added 147,296 additional shares and now holds a total of 185,162 shares of American Eagle Outfitters which is valued at $2,988,515. American Eagle Outfitters makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

American Eagle Outfitters opened for trading at $17.58 and hit $17.97 on the upside on Friday, eventually ending the session at $17.92, with a gain of 1.88% or 0.33 points. The heightened volatility saw the trading volume jump to 32,32,699 shares. Company has a market cap of $3,242 M.

On the company’s financial health, American Eagle Outfitters reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.18. The company had revenue of $749.00 million for the quarter, compared to analysts expectations of $731.07 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on American Eagle Outfitters. American Eagle Outfitters was Upgraded by BofA/Merrill to ” Buy” on Aug 2, 2016. Company shares were Reiterated by Wolfe Research on May 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $19 .Company shares were Reiterated by Piper Jaffray on May 19, 2016 to “Overweight”, Firm has raised the Price Target to $ 21 from a previous price target of $20 .

American Eagle Outfitters Inc. is an apparel and accessories retailer. The Company offers clothing accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims pants shorts sweaters fleece outerwear graphic t-shirts footwear and accessories. The aerie brand is a collection of intimates and personal care products for women such as bras and undies at the core and offerings in sleep swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1000 retail stores in the United States and internationally 955 American Eagle Outfitters stores 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States Canada Mexico Hong Kong China and the United Kingdom.

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