American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 19.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,861 shares of the apparel retailer’s stock after acquiring an additional 4,366 shares during the period. Stoneridge Investment Partners LLC’s holdings in American Eagle Outfitters were worth $448,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Congress Asset Management Co. acquired a new stake in American Eagle Outfitters in the 3rd quarter worth about $119,691,000. Victory Capital Management Inc. increased 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 buying an additional 1,262,693 shares during the last quarter. Soros Capital Management LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter worth $11,519,000. Hantz Financial Services Inc. boosted its holdings in American Eagle Outfitters by 511.9% in the fourth quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock valued at $7,182,000 after acquiring an additional 360,447 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of American Eagle Outfitters by 12.7% during the 3rd 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 period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Down 2.9 %

Shares of American Eagle Outfitters stock opened at $15.59 on Friday. American Eagle Outfitters, Inc. has a fifty-two week low of $15.36 and a fifty-two week high of $26.44. The firm has a market cap of $2.99 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.95 and a beta of 1.53. The business has a 50-day moving average price of $16.86 and a 200 day moving average price of $19.03.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.

Wall Street Analysts Forecast Growth

AEO has been the subject of several recent research reports. Jefferies Financial Group dropped their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research report on Tuesday, November 12th. BMO Capital Markets lowered their target price on 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 lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $19.00 to $17.00 in a research note on Wednesday. Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Finally, Bank of America dropped their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.