Simplex Trading buys $697,333 stake in American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) : Simplex Trading scooped up 22,034 additional shares in American Eagle Outfitters during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 39,916 shares of American Eagle Outfitters which is valued at $697,333.American Eagle Outfitters makes up approximately 0.09% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in AEO by selling 43,900 shares or 23.71% in the most recent quarter. The Hedge Fund company now holds 141,262 shares of AEO which is valued at $2,421,231. American Eagle Outfitters makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Independent Portfolio Consultants reduced its stake in AEO by selling 990 shares or 27.89% in the most recent quarter. The Hedge Fund company now holds 2,560 shares of AEO which is valued at $43,878. American Eagle Outfitters makes up approx 0.01% of Independent Portfolio Consultants’s portfolio. Eqis Capital Management added AEO to its portfolio by purchasing 42,279 company shares during the most recent quarter which is valued at $724,662. American Eagle Outfitters makes up approx 0.05% of Eqis Capital Management’s portfolio. Beacon Financial Group added AEO to its portfolio by purchasing 15,301 company shares during the most recent quarter which is valued at $262,259. American Eagle Outfitters makes up approx 0.06% of Beacon Financial Group’s portfolio.

American Eagle Outfitters opened for trading at $17.88 and hit $17.88 on the upside on Friday, eventually ending the session at $17.47, with a gain of 0.98% or 0.17 points. The heightened volatility saw the trading volume jump to 52,14,622 shares. Company has a market cap of $3,175 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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