As American Eagle Outfitters INC (AEO) Market Value Rose, Friess Associates LLC Has Decreased Position

June 14, 2018 - By Ann Prendergast

American Eagle Outfitters, Inc. (NYSE:AEO) Logo

Friess Associates Llc decreased its stake in American Eagle Outfitters Inc. (AEO) by 23.52% based on its latest 2018Q1 regulatory filing with the SEC. Friess Associates Llc sold 198,662 shares as the company’s stock rose 16.13% while stock markets declined. The institutional investor held 645,904 shares of the consumer services company at the end of 2018Q1, valued at $12.87M, down from 844,566 at the end of the previous reported quarter. Friess Associates Llc who had been investing in American Eagle Outfitters Inc. for a number of months, seems to be less bullish one the $4.20 billion market cap company. The stock decreased 1.69% or $0.41 during the last trading session, reaching $23.8. About 3.37 million shares traded. American Eagle Outfitters, Inc. (NYSE:AEO) has risen 101.14% since June 14, 2017 and is uptrending. It has outperformed by 88.57% the S&P500.

Friess Associates Llc, which manages about $1.34B and $1.22 billion US Long portfolio, upped its stake in Rockwell Automation Inc. (NYSE:ROK) by 47,992 shares to 84,992 shares, valued at $14.81 million in 2018Q1, according to the filing.

Analysts await American Eagle Outfitters, Inc. (NYSE:AEO) to report earnings on August, 22. They expect $0.29 EPS, up 52.63 % or $0.10 from last year’s $0.19 per share. AEO’s profit will be $51.21M for 20.52 P/E if the $0.29 EPS becomes a reality. After $0.23 actual EPS reported by American Eagle Outfitters, Inc. for the previous quarter, Wall Street now forecasts 26.09 % EPS growth.

More news for American Eagle Outfitters, Inc. (NYSE:AEO) were recently published by: 247Wallst.com, which released: “American Eagle’s Record Sales Fail to Impress” on May 31, 2018. Seekingalpha.com‘s article titled: “Retail sector gainers” and published on June 05, 2018 is yet another important article.

American Eagle Outfitters, Inc. (NYSE:AEO) Ratings Coverage

Among 14 analysts covering American Eagle (NYSE:AEO), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. American Eagle had 20 analyst reports since December 15, 2017 according to SRatingsIntel. The rating was upgraded by Buckingham Research on Thursday, January 11 to “Buy”. Loop Capital Markets initiated the shares of AEO in report on Thursday, March 22 with “Buy” rating. Oppenheimer maintained American Eagle Outfitters, Inc. (NYSE:AEO) rating on Thursday, April 12. Oppenheimer has “Hold” rating and $1900 target. The firm earned “Buy” rating on Friday, February 2 by SunTrust. The firm earned “Underweight” rating on Friday, June 1 by Morgan Stanley. The stock of American Eagle Outfitters, Inc. (NYSE:AEO) has “Buy” rating given on Monday, January 8 by SunTrust. On Friday, December 15 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Thursday, January 18. The firm earned “Buy” rating on Thursday, March 8 by RBC Capital Markets. The firm has “Buy” rating given on Friday, March 9 by Buckingham Research.

American Eagle Outfitters, Inc. (NYSE:AEO) Ratings Chart

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