Today: American Eagle Outfitters Inc. (AEO) Stake Decreased by Heartland Advisors Inc.

Today: American Eagle Outfitters Inc. (AEO) Stake Decreased by Heartland Advisors Inc.

Heartland Advisors Inc. cut its stake in shares of American Eagle Outfitters Inc. (NYSE:AEO) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 250,025 shares of the apparel retailer’s stock after selling 4,532 shares during the period. Heartland Advisors Inc.’s holdings in American Eagle Outfitters were worth $4,465,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AEO. Smith Asset Management Group LP boosted its stake in American Eagle Outfitters by 8,589.7% in the second quarter. Smith Asset Management Group LP now owns 6,778 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 6,700 shares in the last quarter. Invictus RG boosted its stake in American Eagle Outfitters by 7.1% in the second quarter. Invictus RG now owns 6,764 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 449 shares in the last quarter. Huntington National Bank bought a new stake in American Eagle Outfitters during the second quarter valued at about $129,000. LS Investment Advisors LLC boosted its stake in American Eagle Outfitters by 66.7% in the second quarter. LS Investment Advisors LLC now owns 10,155 shares of the apparel retailer’s stock valued at $162,000 after buying an additional 4,063 shares in the last quarter. Finally, Round Table Services LLC boosted its stake in American Eagle Outfitters by 8.8% in the second quarter. Round Table Services LLC now owns 11,260 shares of the apparel retailer’s stock valued at $179,000 after buying an additional 915 shares in the last quarter. 99.36% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Inc. (NYSE:AEO) traded up 0.954% during mid-day trading on Monday, reaching $18.515. 1,996,935 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $17.44 and a 200-day moving average price of $17.07. The stock has a market cap of $3.37 billion, a P/E ratio of 14.730 and a beta of 0.86. American Eagle Outfitters Inc. has a 52 week low of $12.78 and a 52 week high of $19.55.

Several research firms recently issued reports on AEO. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, August 19th. Deutsche Bank AG raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and upped their price target for the company from $17.00 to $22.00 in a report on Monday, August 15th. Jefferies Group reissued a “buy” rating on shares of American Eagle Outfitters in a report on Sunday, September 4th. BMO Capital Markets raised shares of American Eagle Outfitters from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $21.00 in a report on Monday, October 10th. They noted that the move was a valuation call. Finally, Vetr cut shares of American Eagle Outfitters from a “strong-buy” rating to a “buy” rating and set a $19.96 target price on the stock. in a report on Monday, November 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $19.63.

In other news, COO Michael R. Rempell sold 50,826 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $18.84, for a total value of $957,561.84. Following the completion of the sale, the chief operating officer now directly owns 106,077 shares in the company, valued at $1,998,490.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.80% of the stock is owned by insiders.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a specialty retailer, operating over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally. The Company operates in the segment of American Eagle Outfitters Brand (AEO Brand) retail stores, Aerie by American Eagle Outfitters retail stores and AEO Direct.

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