South Texas Money Management Ltd buys $31,205,468 stake in American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) : South Texas Money Management Ltd scooped up 4,497 additional shares in American Eagle Outfitters during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,731,713 shares of American Eagle Outfitters which is valued at $31,205,468.American Eagle Outfitters makes up approximately 1.69% of South Texas Money Management Ltd’s portfolio.

Other Hedge Funds, Including , Bank Of Hawaii sold out all of its stake in AEO during the most recent quarter. The investment firm sold 10,330 shares of AEO which is valued $186,147. Essex Investment Management Co added AEO to its portfolio by purchasing 22,330 company shares during the most recent quarter which is valued at $396,804. American Eagle Outfitters makes up approx 0.06% of Essex Investment Management Co’s portfolio.Artemis Investment Management Llp boosted its stake in AEO in the latest quarter, The investment management firm added 92,800 additional shares and now holds a total of 575,900 shares of American Eagle Outfitters which is valued at $10,233,743. American Eagle Outfitters makes up approx 0.27% of Artemis Investment Management Llp’s portfolio.Smith Asset Management Group Lp boosted its stake in AEO in the latest quarter, The investment management firm added 6,700 additional shares and now holds a total of 6,778 shares of American Eagle Outfitters which is valued at $120,445. Simplex Trading added AEO to its portfolio by purchasing 17,882 company shares during the most recent quarter which is valued at $308,107. American Eagle Outfitters makes up approx 0.04% of Simplex Trading’s portfolio.

American Eagle Outfitters opened for trading at $18.02 and hit $18.27 on the upside on Thursday, eventually ending the session at $18.24, with a gain of 1.22% or 0.22 points. The heightened volatility saw the trading volume jump to 28,29,405 shares. Company has a market cap of $3,300 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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