Aigen Investment Management LP Raises Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Aigen Investment Management LP lifted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 150.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,854 shares of the apparel retailer’s stock after buying an additional 47,340 shares during the period. Aigen Investment Management LP’s holdings in American Eagle Outfitters were worth $1,314,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Victory Capital Management Inc. increased its stake in American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after purchasing an additional 1,262,693 shares in the last quarter. Soros Capital Management LLC purchased a new position in American Eagle Outfitters in the 3rd quarter valued at approximately $11,519,000. Charles Schwab Investment Management Inc. increased its stake in American Eagle Outfitters by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock valued at $47,976,000 after purchasing an additional 381,047 shares in the last quarter. Hantz Financial Services Inc. increased its stake in American Eagle Outfitters by 511.9% in the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock valued at $7,182,000 after purchasing an additional 360,447 shares in the last quarter. Finally, Wellington Management Group LLP increased 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 purchasing an additional 268,326 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AEO. Bank of America dropped their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Raymond James started coverage on American Eagle Outfitters in a report on Friday, December 13th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. lowered their target price on American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded American Eagle Outfitters from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Finally, UBS Group lowered their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Nine equities research 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, the stock currently has an average rating of “Hold” and an average price target of $20.44.

American Eagle Outfitters Stock Up 1.1 %

AEO stock opened at $12.13 on Thursday. American Eagle Outfitters, Inc. has a 52-week low of $11.65 and a 52-week high of $26.44. The stock’s fifty day simple moving average is $15.46 and its 200-day simple moving average is $18.11. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue was down .9% on a year-over-year basis. As a group, analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s dividend payout ratio (DPR) is 42.74%.

American Eagle Outfitters Company 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.