World Asset Management Inc cut its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,448 shares of the apparel retailer’s stock after selling 353 shares during the period. World Asset Management Inc’s holdings in American Eagle Outfitters were worth $150,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Glen Harbor Capital Management LLC raised its stake in American Eagle Outfitters by 2.2% in the first quarter. Glen Harbor Capital Management LLC now owns 7,238 shares of the apparel retailer’s stock worth $102,000 after buying an additional 154 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Eagle Outfitters by 58.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,804 shares of the apparel retailer’s stock worth $109,000 after buying an additional 2,877 shares during the last quarter. Elkfork Partners LLC raised its stake in American Eagle Outfitters by 2.2% in the first quarter. Elkfork Partners LLC now owns 9,212 shares of the apparel retailer’s stock worth $129,000 after buying an additional 196 shares during the last quarter. Ronald Blue & Co. LLC raised its stake in American Eagle Outfitters by 3.1% in the second quarter. Ronald Blue & Co. LLC now owns 10,476 shares of the apparel retailer’s stock worth $126,000 after buying an additional 311 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new stake in American Eagle Outfitters during the first quarter worth approximately $147,000. 89.03% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters, Inc. (AEO) opened at 10.62 on Tuesday. The stock has a 50 day moving average price of $11.63 and a 200 day moving average price of $12.95. American Eagle Outfitters, Inc. has a 12 month low of $10.23 and a 12 month high of $19.02. The stock has a market capitalization of $1.88 billion, a P/E ratio of 9.82 and a beta of 1.09.

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A number of analysts have commented on the company. UBS AG reaffirmed a “neutral” rating and issued a $11.00 price objective (down previously from $17.00) on shares of American Eagle Outfitters in a report on Friday, May 19th. B. Riley reaffirmed a “neutral” rating and issued a $12.50 price objective on shares of American Eagle Outfitters in a report on Thursday, May 18th. BMO Capital Markets set a $15.00 price objective on American Eagle Outfitters and gave the stock a “buy” rating in a report on Tuesday, August 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $13.00 price objective (down previously from $14.00) on shares of American Eagle Outfitters in a report on Friday, May 19th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $12.00 price objective (down previously from $13.00) on shares of American Eagle Outfitters in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.88.

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.

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

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