White Pine Capital buys $2.7 Million stake in American Eagle Outfitters (AEO)

American Eagle Outfitters (AEO) : White Pine Capital scooped up 3,675 additional shares in American Eagle Outfitters during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 198,195 shares of American Eagle Outfitters which is valued at $2.7 Million.American Eagle Outfitters makes up approximately 1.19% of White Pine Capital’s portfolio.

Other Hedge Funds, Including , S&t Bankpa boosted its stake in AEO in the latest quarter, The investment management firm added 107,128 additional shares and now holds a total of 762,800 shares of American Eagle Outfitters which is valued at $10.6 Million. American Eagle Outfitters makes up approx 1.84% of S&t Bankpa’s portfolio.Janney Montgomery Scott boosted its stake in AEO in the latest quarter, The investment management firm added 578 additional shares and now holds a total of 38,610 shares of American Eagle Outfitters which is valued at $535,135. American Eagle Outfitters makes up approx 0.01% of Janney Montgomery Scott’s portfolio. Caldwell Orkin Inc sold out all of its stake in AEO during the most recent quarter. The investment firm sold 163,200 shares of AEO which is valued $2.3 Million. Campbell Co Investment Adviser added AEO to its portfolio by purchasing 14,564 company shares during the most recent quarter which is valued at $211,324. American Eagle Outfitters makes up approx 0.77% of Campbell Co Investment Adviser’s portfolio.

American Eagle Outfitters opened for trading at $13.88 and hit $14.1824 on the upside on Monday, eventually ending the session at $14.15, with a gain of 2.09% or 0.29 points. The heightened volatility saw the trading volume jump to 65,54,843 shares. Company has a market cap of $2,556 M.

On the company’s financial health, American Eagle Outfitters reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.18. The company had revenue of $749.00 million for the quarter, compared to analysts expectations of $731.07 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on American Eagle Outfitters. Shares were Reiterated by Wunderlich on May 16, 2016 to “Hold” and Lowered the Price Target to $ 13 from a previous price target of $15.50 .

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.

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