American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 36.4% in the second quarter, HoldingsChannel.com reports. The fund owned 3,242,838 shares of the apparel retailer’s stock after purchasing an additional 865,355 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in American Eagle Outfitters were worth $64,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AEO. Vanguard Group Inc. increased its position in American Eagle Outfitters by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 20,788,750 shares of the apparel retailer’s stock worth $536,142,000 after purchasing an additional 310,808 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Eagle Outfitters by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,003,990 shares of the apparel retailer’s stock worth $232,846,000 after purchasing an additional 284,965 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of American Eagle Outfitters by 18.1% during the second quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer’s stock worth $89,263,000 after buying an additional 684,420 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of American Eagle Outfitters by 165.4% in the second quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock valued at $62,034,000 after buying an additional 1,936,938 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,886,613 shares of the apparel retailer’s stock valued at $61,081,000 after buying an additional 44,375 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEO has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Thursday, May 30th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. UBS Group dropped their target price on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $25.00 price target on shares of American Eagle Outfitters in a research note on Thursday, August 29th. Finally, Barclays dropped their price objective on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,577 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Trading Up 0.4 %

AEO stock opened at $19.11 on Thursday. The company has a market cap of $3.75 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50. The stock has a 50-day moving average price of $20.74 and a two-hundred day moving average price of $22.23. American Eagle Outfitters, Inc. has a 12-month low of $14.39 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.78 EPS for the current fiscal year.

About American Eagle Outfitters

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.