Park Place Capital Corp Makes New Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

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

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Bank of America reduced their price target on shares of 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. StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Wednesday. Raymond James began coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Finally, Morgan Stanley raised American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $15.00 to $16.00 in a report on Tuesday. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.40.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $17.33 on Friday. American Eagle Outfitters, Inc. has a 52-week low of $15.36 and a 52-week high of $26.44. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.09 and a beta of 1.53. The stock’s 50-day simple moving average is $17.26 and its two-hundred day simple moving average is $19.38.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results 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. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

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

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.