Scout Investments Lowers stake in American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) : Scout Investments reduced its stake in American Eagle Outfitters by 1.94% during the most recent quarter end. The investment management company now holds a total of 1,634,544 shares of American Eagle Outfitters which is valued at $30,729,427 after selling 32,284 shares in American Eagle Outfitters , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.American Eagle Outfitters makes up approximately 0.82% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Alambic Investment Management reduced its stake in AEO by selling 33,750 shares or 32.94% in the most recent quarter. The Hedge Fund company now holds 68,700 shares of AEO which is valued at $1,291,560. American Eagle Outfitters makes up approx 0.29% of Alambic Investment Management’s portfolio.Spot Trading L.l.c boosted its stake in AEO in the latest quarter, The investment management firm added 2,343 additional shares and now holds a total of 37,243 shares of American Eagle Outfitters which is valued at $671,119. American Eagle Outfitters makes up approx 0.09% of Spot Trading L.l.c’s portfolio. 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.New York State Teachers Retirement System boosted its stake in AEO in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 328,469 shares of American Eagle Outfitters which is valued at $5,639,813. American Eagle Outfitters makes up approx 0.01% of New York State Teachers Retirement System’s portfolio.Nordea Investment Management Ab boosted its stake in AEO in the latest quarter, The investment management firm added 34,017 additional shares and now holds a total of 43,690 shares of American Eagle Outfitters which is valued at $752,779.

American Eagle Outfitters opened for trading at $19.55 and hit $19.55 on the upside on Monday, eventually ending the session at $19.37, with a gain of 2.32% or 0.44 points. The heightened volatility saw the trading volume jump to 71,97,949 shares. Company has a market cap of $3,504 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. 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 .Company shares were Upgraded by Deutsche Bank on Aug 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $17 .Company shares were Upgraded by Wunderlich on Aug 11, 2016 to ” Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $13 .

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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