Candriam S.C.A. Raises Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Candriam S.C.A. grew its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,942 shares of the apparel retailer’s stock after purchasing an additional 1,800 shares during the period. Candriam S.C.A.’s holdings in American Eagle Outfitters were worth $216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zacks Investment Management purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter valued at $931,000. Intech Investment Management LLC purchased a new position in American Eagle Outfitters in the 3rd quarter worth $3,731,000. NFJ Investment Group LLC purchased a new position in American Eagle Outfitters in the 3rd quarter worth $2,680,000. Entropy Technologies LP purchased a new position in American Eagle Outfitters in the 4th quarter worth $378,000. Finally, Nordea Investment Management AB purchased a new position in American Eagle Outfitters in the 4th quarter worth $1,557,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 5.7 %

NYSE:AEO opened at $12.11 on Tuesday. American Eagle Outfitters, Inc. has a 52 week low of $11.65 and a 52 week high of $26.25. The stock has a market capitalization of $2.33 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The stock’s 50-day moving average price is $15.22 and its 200-day moving average price is $17.89.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

AEO has been the subject of a number of research analyst reports. Barclays restated an “equal weight” rating and issued a $17.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. BMO Capital Markets reduced their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Bank of America reduced their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Raymond James initiated coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating for the company. Finally, Citigroup reduced their target price on American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average price target of $19.70.

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.