Park Place Capital Corp Purchases Shares of 2,717 American Eagle Outfitters, Inc. (NYSE:AEO)

Park Place Capital Corp acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,717 shares of the apparel retailer’s stock, valued at approximately $45,000.

Other institutional investors have also recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its holdings in American Eagle Outfitters by 14.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 135,392 shares of the apparel retailer’s stock worth $2,257,000 after purchasing an additional 17,042 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of American Eagle Outfitters by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 385,800 shares of the apparel retailer’s stock worth $6,431,000 after buying an additional 24,600 shares in the last quarter. Legacy Wealth Asset Management LLC bought a new position in shares of American Eagle Outfitters during the fourth quarter worth $185,000. Hennion & Walsh Asset Management Inc. grew its stake in American Eagle Outfitters by 9.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 39,534 shares of the apparel retailer’s stock valued at $659,000 after acquiring an additional 3,267 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in American Eagle Outfitters during the fourth quarter valued at $195,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AEO. JPMorgan Chase & Co. dropped their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Morgan Stanley raised American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $15.00 to $16.00 in a research note on Tuesday. Raymond James started coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Bank of America lowered their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, UBS Group dropped their price target on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.40.

American Eagle Outfitters Stock Up 0.9 %

Shares of NYSE AEO opened at $17.33 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $15.36 and a twelve month high of $26.44. The business has a fifty day simple moving average of $17.26 and a two-hundred day simple moving average of $19.38. The firm has a market cap of $3.33 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. American Eagle Outfitters’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. On average, research analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 2.88%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 42.74%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.