American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 83.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,699 shares of the apparel retailer’s stock after purchasing an additional 15,835 shares during the period. Gallacher Capital Management LLC’s holdings in American Eagle Outfitters were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in American Eagle Outfitters by 299.7% in the 4th quarter. Parallel Advisors LLC now owns 1,207 shares of the apparel retailer’s stock worth $26,000 after buying an additional 905 shares during the last quarter. UMB Bank n.a. purchased a new stake in shares of American Eagle Outfitters during the first quarter worth approximately $27,000. Nomura Asset Management Co. Ltd. raised its stake in American Eagle Outfitters by 40.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,080 shares of the apparel retailer’s stock valued at $44,000 after purchasing an additional 600 shares during the last quarter. NBC Securities Inc. acquired a new position in American Eagle Outfitters in the 1st quarter valued at $59,000. Finally, CWM LLC lifted its holdings in American Eagle Outfitters by 72.3% in the 1st quarter. CWM LLC now owns 2,431 shares of the apparel retailer’s stock valued at $63,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,577 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AEO has been the subject of a number of recent research reports. Barclays reduced their target price on shares of American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Telsey Advisory Group restated a “market perform” rating and set a $25.00 target price on shares of American Eagle Outfitters in a report on Thursday, August 29th. Morgan Stanley cut their price target on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Thursday, May 30th. Finally, TD Cowen lowered their price objective on American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $18.88 on Friday. The stock has a 50 day moving average of $20.76 and a 200 day moving average of $22.31. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 0.96 and a beta of 1.50. American Eagle Outfitters, Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $26.44.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings results on Thursday, August 29th. The apparel retailer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. American Eagle Outfitters had a return on equity of 20.98% and a net margin of 4.58%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. Analysts forecast that American Eagle Outfitters, Inc. will post 1.79 EPS for the current year.

American Eagle Outfitters Company 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.