S&t Bankpa buys $14,462,236 stake in American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) : S&t Bankpa scooped up 1,185 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 10, 2016. The investment management firm now holds a total of 763,985 shares of American Eagle Outfitters which is valued at $14,462,236.American Eagle Outfitters makes up approximately 2.27% of S&t Bankpa’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in AEO by selling 2,080,332 shares or 10.75% in the most recent quarter. The Hedge Fund company now holds 17,265,853 shares of AEO which is valued at $326,842,597. American Eagle Outfitters makes up approx 0.02% of Vanguard Group Inc’s portfolio.Victory Capital Management Inc boosted its stake in AEO in the latest quarter, The investment management firm added 2,710 additional shares and now holds a total of 18,117 shares of American Eagle Outfitters which is valued at $340,600.Scout Investments reduced its stake in AEO by selling 32,284 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 1,634,544 shares of AEO which is valued at $30,729,427. American Eagle Outfitters makes up approx 0.82% of Scout Investments’s portfolio. Quantitative Systematic Strategies added AEO to its portfolio by purchasing 52,838 company shares during the most recent quarter which is valued at $946,857. American Eagle Outfitters makes up approx 0.41% of Quantitative Systematic Strategies’s portfolio.Hamlin Capital Management boosted its stake in AEO in the latest quarter, The investment management firm added 556,632 additional shares and now holds a total of 4,601,788 shares of American Eagle Outfitters which is valued at $81,773,773. American Eagle Outfitters makes up approx 3.75% of Hamlin Capital Management’s portfolio.

American Eagle Outfitters opened for trading at $18.7 and hit $19.12 on the upside on Friday, eventually ending the session at $19.03, with a gain of 1.66% or 0.31 points. The heightened volatility saw the trading volume jump to 77,76,620 shares. Company has a market cap of $3,442 M.

On the company’s financial health, American Eagle Outfitters reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.21. The company had revenue of $822.60 million for the quarter, compared to analysts expectations of $821.16 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Many Wall Street Analysts have commented on American Eagle Outfitters. Company shares were Reiterated by FBR Capital on Aug 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .Company shares were Reiterated by Mizuho on Aug 17, 2016 to “Neutral”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $18 .

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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