Procurement News Notice |
|
| PNN | 3877 |
| Work Detail | American Eagle Outfitters (AEO) : Hodges Capital Management reduced its stake in American Eagle Outfitters by 8.55% during the most recent quarter end. The investment management company now holds a total of 2,214,203 shares of American Eagle Outfitters which is valued at $41,914,863 after selling 206,888 shares in American Eagle Outfitters , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American Eagle Outfitters makes up approximately 1.94% of Hodges Capital Management’s portfolio. Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in AEO in the latest quarter, The investment management firm added 27,900 additional shares and now holds a total of 36,800 shares of American Eagle Outfitters which is valued at $696,624.Janney Montgomery Scott reduced its stake in AEO by selling 578 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 38,032 shares of AEO which is valued at $699,789. American Eagle Outfitters makes up approx 0.01% of Janney Montgomery Scott’s portfolio.California State Teachers Retirement System reduced its stake in AEO by selling 33,847 shares or 8.82% in the most recent quarter. The Hedge Fund company now holds 349,992 shares of AEO which is valued at $6,306,856. American Eagle Outfitters makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Louisiana State Employees Retirement System reduced its stake in AEO by selling 1,800 shares or 3.9% in the most recent quarter. The Hedge Fund company now holds 44,300 shares of AEO which is valued at $787,211. American Eagle Outfitters makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Blb&b Advisors reduced its stake in AEO by selling 1,096 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 75,479 shares of AEO which is valued at $1,300,503. American Eagle Outfitters makes up approx 0.24% of Blb&b Advisors’s portfolio. American Eagle Outfitters opened for trading at $18.7 and hit $18.83 on the upside on Tuesday, eventually ending the session at $18.58, with a gain of 0.27% or 0.05 points. The heightened volatility saw the trading volume jump to 62,25,293 shares. Company has a market cap of $3,361 M. On the company’s financial health, American Eagle Outfitters reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.21. The company had revenue of $822.60 million for the quarter, compared to analysts expectations of $821.16 million. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. Many Wall Street Analysts have commented on American Eagle Outfitters. Company shares were Reiterated by FBR Capital on Aug 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .Company shares were Reiterated by Mizuho on Aug 17, 2016 to “Neutral”, Firm has raised the Price Target to $ 18 from a previous price target of $16 .Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 22 from a previous price target of $18 . American Eagle Outfitters Inc. is an apparel and accessories retailer. The Company offers clothing accessories and personal care products. The Company operates under the American Eagle Outfitters and aerie by American Eagle Outfitters brands. The American Eagle Outfitters brand offers denims pants shorts sweaters fleece outerwear graphic t-shirts footwear and accessories. The aerie brand is a collection of intimates and personal care products for women such as bras and undies at the core and offerings in sleep swim and apparel. The Company offers its products online at ae.com and aerie.com and at various international store locations managed by third-party operators. The Company operates around 1000 retail stores in the United States and internationally 955 American Eagle Outfitters stores 101 aerie stand-alone stores and 99 third-party operated stores. The Company has stores in the United States Canada Mexico Hong Kong China and the United Kingdom. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.tradecalls.org/2016/08/hodges-capital-management-lowers-stake-in-american-eagle-outfitters-aeo-375482/ |
