Caxton Associates LLP Makes New $857,000 Investment in American Eagle Outfitters, Inc. $AEO

Caxton Associates LLP purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 1st quarter, Holdings Channel reports. The fund purchased 73,768 shares of the apparel retailer’s stock, valued at approximately $857,000.

Several other hedge funds have also recently bought and sold shares of the company. NFJ Investment Group LLC lifted its position in American Eagle Outfitters by 0.7% in the 1st quarter. NFJ Investment Group LLC now owns 119,074 shares of the apparel retailer’s stock valued at $1,384,000 after purchasing an additional 845 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in American Eagle Outfitters by 38.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer’s stock valued at $48,000 after purchasing an additional 1,165 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in American Eagle Outfitters by 1.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,127 shares of the apparel retailer’s stock valued at $1,686,000 after purchasing an additional 1,282 shares during the last quarter. ABLE Financial Group LLC lifted its position in American Eagle Outfitters by 7.0% in the 4th quarter. ABLE Financial Group LLC now owns 24,221 shares of the apparel retailer’s stock valued at $404,000 after purchasing an additional 1,587 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its position in American Eagle Outfitters by 8.5% in the 4th quarter. Rafferty Asset Management LLC now owns 23,515 shares of the apparel retailer’s stock valued at $392,000 after purchasing an additional 1,834 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEO has been the topic of several recent research reports. UBS Group lifted their price objective on shares of American Eagle Outfitters from $19.00 to $21.50 and gave the company a “buy” rating in a research report on Thursday, September 4th. Telsey Advisory Group lifted their price objective on shares of American Eagle Outfitters from $12.00 to $18.00 and gave the company a “market perform” rating in a research report on Thursday, September 4th. Morgan Stanley set a $10.00 target price on shares of American Eagle Outfitters and gave the company an “equal weight” rating in a research report on Monday, June 2nd. Barclays increased their target price on shares of American Eagle Outfitters from $9.00 to $14.00 and gave the company an “underweight” rating in a research report on Thursday, September 4th. Finally, Bank of America reiterated an “underperform” rating and issued a $10.00 target price (down previously from $11.00) on shares of American Eagle Outfitters in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Reduce” and a consensus target price of $13.94.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $19.24 on Thursday. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $22.63. The company has a quick ratio of 0.71, a current ratio of 1.62 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $12.37 and a 200 day moving average price of $11.55. The firm has a market capitalization of $3.33 billion, a PE ratio of 18.50 and a beta of 1.45.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, September 3rd. The apparel retailer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.23 billion. American Eagle Outfitters had a net margin of 3.74% and a return on equity of 13.67%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. On average, sell-side analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Noel Joseph Spiegel sold 40,000 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $18.12, for a total value of $724,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Janice E. Page sold 26,869 shares of American Eagle Outfitters stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $18.04, for a total transaction of $484,716.76. Following the completion of the transaction, the director directly owned 90,383 shares in the company, valued at $1,630,509.32. This represents a 22.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,821 shares of company stock worth $2,369,336. 8.70% of the stock is currently owned by company insiders.

American Eagle Outfitters Profile

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.