Entropy Technologies LP Acquires Shares of 22,685 American Eagle Outfitters, Inc. (NYSE:AEO)

Entropy Technologies LP bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,685 shares of the apparel retailer’s stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in American Eagle Outfitters by 2.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after buying an additional 268,326 shares in the last quarter. Congress Asset Management Co. bought a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $119,691,000. Victory Capital Management Inc. lifted its holdings in shares of American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after acquiring an additional 1,262,693 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in American Eagle Outfitters by 12.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock worth $55,906,000 after purchasing an additional 281,548 shares during the last quarter. 97.33% of the stock is owned by institutional investors.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets lowered their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Morgan Stanley cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $19.00 to $17.00 in a research report on Wednesday, February 5th. UBS Group reduced their price target on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. StockNews.com upgraded shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Raymond James began coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $21.00.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $14.20 on Thursday. The company’s 50-day simple moving average is $16.52 and its two-hundred day simple moving average is $18.89. American Eagle Outfitters, Inc. has a one year low of $14.11 and a one year high of $26.44. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.95 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO) last released its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.49 EPS. Equities analysts expect that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

About American Eagle Outfitters

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.