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

Stoneridge Investment Partners LLC lifted its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,861 shares of the apparel retailer’s stock after purchasing 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEO. Entropy Technologies LP bought a new position in shares of American Eagle Outfitters in the fourth quarter valued at $378,000. Empowered Funds LLC acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $242,000. Alliance Wealth Advisors LLC UT acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $256,000. Jennison Associates LLC acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $784,000. Finally, 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 worth $7,182,000 after purchasing an additional 360,447 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEO. Barclays reaffirmed an “equal weight” rating and set a $17.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday. Telsey Advisory Group decreased their price objective 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. UBS Group cut their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Jefferies Financial Group decreased their target price on 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. Finally, BMO Capital Markets dropped their price target on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $21.00.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Trading Down 2.9 %

American Eagle Outfitters stock opened at $15.59 on Friday. American Eagle Outfitters, Inc. has a 1-year low of $15.36 and a 1-year high of $26.44. The firm’s fifty day simple moving average is $16.86 and its 200-day simple moving average is $19.03. The company has a market capitalization 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.

American Eagle Outfitters (NYSE:AEO) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, topping 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 firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

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

About American Eagle Outfitters

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.