Entropy Technologies LP Purchases New Position in American Eagle Outfitters, Inc. $AEO

Entropy Technologies LP acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 70,165 shares of the apparel retailer’s stock, valued at approximately $1,172,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of American Eagle Outfitters by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock valued at $485,166,000 after buying an additional 249,158 shares during the period. Dimensional Fund Advisors LP lifted its holdings in American Eagle Outfitters by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,261,614 shares of the apparel retailer’s stock worth $154,663,000 after acquiring an additional 509,326 shares in the last quarter. State Street Corp grew its stake in American Eagle Outfitters by 0.6% in the fourth quarter. State Street Corp now owns 6,606,362 shares of the apparel retailer’s stock valued at $174,210,000 after acquiring an additional 39,334 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in American Eagle Outfitters by 162.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,336,392 shares of the apparel retailer’s stock valued at $105,818,000 after acquiring an additional 3,926,230 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of American Eagle Outfitters by 12.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of research analyst reports. Telsey Advisory Group dropped their price target on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, May 29th. Bank of America decreased their price objective on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating for the company in a research report on Friday, May 29th. Weiss Ratings cut American Eagle Outfitters from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.91.

Insider Buying and Selling

In other news, Director Noel Joseph Spiegel sold 2,892 shares of American Eagle Outfitters stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $16.78, for a total value of $48,527.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cary D. Mcmillan sold 2,892 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.95% of the company’s stock.

American Eagle Outfitters Price Performance

AEO stock opened at $17.79 on Tuesday. The stock has a 50-day moving average price of $17.12 and a two-hundred day moving average price of $19.38. American Eagle Outfitters, Inc. has a 1 year low of $10.29 and a 1 year high of $28.46. The stock has a market cap of $2.98 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 3.71 and a beta of 1.31. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.05.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, May 28th. The apparel retailer reported $0.14 earnings per share 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%.American Eagle Outfitters’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) earnings per share. Equities analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current fiscal year.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.125 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 2.8%. American Eagle Outfitters’s payout ratio is presently 30.86%.

American Eagle Outfitters Company Profile

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.