Today: The Foundry Partners LLC Buys Shares of 20,250 American Eagle Outfitters Inc. (AEO)

The Foundry Partners LLC Buys Shares of 20,250 American Eagle Outfitters Inc. (AEO)

Foundry Partners LLC bought a new stake in shares of American Eagle Outfitters Inc. (NYSE:AEO) during the third quarter, Holdings Channel reports. The firm bought 20,250 shares of the apparel retailer’s stock, valued at approximately $362,000.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in American Eagle Outfitters by 56.3% in the first quarter. Wellington Management Group LLP now owns 499,148 shares of the apparel retailer’s stock worth $8,321,000 after buying an additional 179,810 shares during the last quarter. Envestnet Asset Management Inc. raised its position in American Eagle Outfitters by 942.3% in the first quarter. Envestnet Asset Management Inc. now owns 134,235 shares of the apparel retailer’s stock worth $2,238,000 after buying an additional 121,356 shares during the last quarter. LPL Financial LLC raised its position in American Eagle Outfitters by 224.0% in the first quarter. LPL Financial LLC now owns 203,903 shares of the apparel retailer’s stock worth $3,276,000 after buying an additional 140,967 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in American Eagle Outfitters by 389.0% in the second quarter. BNP Paribas Arbitrage SA now owns 185,162 shares of the apparel retailer’s stock worth $2,950,000 after buying an additional 147,296 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. raised its position in American Eagle Outfitters by 17.5% in the second quarter. NN Investment Partners Holdings N.V. now owns 427,100 shares of the apparel retailer’s stock worth $6,804,000 after buying an additional 63,500 shares during the last quarter. Institutional investors own 97.55% of the company’s stock.

American Eagle Outfitters Inc. (NYSE:AEO) traded down 0.70% during mid-day trading on Friday, hitting $18.34. 1,568,971 shares of the company were exchanged. The company’s 50-day moving average is $17.44 and its 200 day moving average is $17.07. American Eagle Outfitters Inc. has a 12-month low of $12.78 and a 12-month high of $19.55. The company has a market capitalization of $3.33 billion, a P/E ratio of 14.59 and a beta of 0.86.

AEO has been the topic of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating on shares of American Eagle Outfitters in a research note on Monday, August 1st. Bank of America Corp. upgraded American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, August 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, August 3rd. Wunderlich upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $22.00 in a research note on Thursday, August 11th. Finally, Telsey Advisory Group lifted their price objective on American Eagle Outfitters from $18.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 15th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.63.

In related news, COO Michael R. Rempell sold 50,826 shares of American Eagle Outfitters stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $18.84, for a total value of $957,561.84. Following the transaction, the chief operating officer now directly owns 106,077 shares of the company’s stock, valued at $1,998,490.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.80% of the stock is currently owned by corporate 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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