Victory Capital Management Inc. boosted its holdings in American Eagle Outfitters (NYSE:AEO) by 6,294.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,211,964 shares of the apparel retailer’s stock after acquiring an additional 2,177,371 shares during the period. Victory Capital Management Inc.’s holdings in American Eagle Outfitters were worth $41,585,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AEO. Senvest Management LLC purchased a new position in American Eagle Outfitters in the 3rd quarter worth about $22,737,000. Ameriprise Financial Inc. raised its position in American Eagle Outfitters by 205.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock worth $32,611,000 after buying an additional 1,534,344 shares during the last quarter. Majedie Asset Management Ltd purchased a new position in American Eagle Outfitters in the 3rd quarter worth about $18,202,000. Hamlin Capital Management LLC raised its position in American Eagle Outfitters by 16.4% in the 3rd quarter. Hamlin Capital Management LLC now owns 6,677,523 shares of the apparel retailer’s stock worth $95,489,000 after buying an additional 940,045 shares during the last quarter. Finally, Contrarius Investment Management Ltd purchased a new position in American Eagle Outfitters in the 3rd quarter worth about $12,597,000. 83.14% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on AEO shares. ValuEngine raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research raised American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Thursday, November 9th. Buckingham Research raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Thursday, January 11th. Wolfe Research raised American Eagle Outfitters from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks reissued a “buy” rating and issued a $19.00 target price on shares of American Eagle Outfitters in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus price target of $15.79.

American Eagle Outfitters (NYSE:AEO) opened at $17.46 on Friday. The stock has a market capitalization of $3,157.85, a P/E ratio of 18.98, a P/E/G ratio of 2.39 and a beta of 1.14. American Eagle Outfitters has a 52 week low of $10.23 and a 52 week high of $19.48.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, December 6th. The apparel retailer reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The company had revenue of $960.00 million for the quarter, compared to the consensus estimate of $960.86 million. American Eagle Outfitters had a net margin of 4.50% and a return on equity of 17.42%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. equities analysts expect that American Eagle Outfitters will post 1.16 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “American Eagle Outfitters (AEO) Holdings Boosted by Victory Capital Management Inc.” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/02/09/american-eagle-outfitters-aeo-holdings-boosted-by-victory-capital-management-inc.html.

About American Eagle Outfitters

American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.

Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters (NYSE:AEO).

Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.