Night Squared LP Takes $1 Million Position in American Eagle Outfitters, Inc. $AEO

Night Squared LP bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,965 shares of the apparel retailer’s stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AEO. Marshall Wace LLP lifted its position in shares of American Eagle Outfitters by 920.6% in the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after acquiring an additional 4,959,039 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of American Eagle Outfitters by 153.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock valued at $63,556,000 after acquiring an additional 1,457,785 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $23,395,000. Kinetic Partners Management LP purchased a new position in shares of American Eagle Outfitters in the third quarter valued at approximately $14,618,000. Finally, M&T Bank Corp purchased a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $21,413,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,887 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.23, for a total transaction of $49,743.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Joseph Spiegel sold 2,887 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $17.32, for a total value of $50,002.84. Additional details regarding this sale are available in the official SEC disclosure. 8.95% of the stock is owned by company insiders.

American Eagle Outfitters Price Performance

AEO stock opened at $17.58 on Wednesday. The business has a fifty day moving average of $17.27 and a two-hundred day moving average of $21.03. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 4.02 and a beta of 1.33. American Eagle Outfitters, Inc. has a 52-week low of $9.46 and a 52-week high of $28.46.

American Eagle Outfitters (NYSE:AEO) last posted its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) earnings per share. As a group, research analysts anticipate that American Eagle Outfitters, Inc. will post 1.77 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 2.8%. American Eagle Outfitters’s dividend payout ratio (DPR) is 30.86%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AEO shares. Needham & Company LLC began coverage on American Eagle Outfitters in a research report on Thursday, March 26th. They issued a “hold” rating on the stock. The Goldman Sachs Group set a $22.00 price objective on American Eagle Outfitters in a research report on Monday, June 1st. UBS Group reduced their price objective on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Zacks Research downgraded American Eagle Outfitters from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Citigroup reduced their price objective on American Eagle Outfitters from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $20.36.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.