Entropy Technologies LP Acquires New Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Entropy Technologies LP purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,685 shares of the apparel retailer's stock, valued at approximately $378,000.

A number of other large investors have also recently bought and sold shares of AEO. Congress Asset Management Co. acquired a new stake in American Eagle Outfitters during the 3rd quarter worth $119,691,000. Victory Capital Management Inc. raised its position in American Eagle Outfitters by 40.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer's stock worth $97,858,000 after buying an additional 1,262,693 shares during the last quarter. Soros Capital Management LLC purchased a new position in American Eagle Outfitters during the 3rd quarter worth $11,519,000. Hantz Financial Services Inc. raised its position in American Eagle Outfitters by 511.9% during the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer's stock worth $7,182,000 after buying an additional 360,447 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer's stock worth $55,906,000 after buying an additional 281,548 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Stock Performance

NYSE AEO traded up $0.03 during trading hours on Friday, reaching $14.35. The company's stock had a trading volume of 2,931,910 shares, compared to its average volume of 3,981,301. American Eagle Outfitters, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $26.44. The stock has a market cap of $2.76 billion, a PE ratio of 12.26, a PEG ratio of 0.95 and a beta of 1.53. The company's 50-day moving average is $16.39 and its two-hundred day moving average is $18.76.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its quarterly earnings results 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 net margin of 4.28% and a return on equity of 20.75%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the company earned $0.49 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts expect 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 announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.49%. American Eagle Outfitters's dividend payout ratio is presently 42.74%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group cut their price objective on shares of 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. UBS Group cut their price objective on shares of American Eagle Outfitters from $34.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, December 5th. Morgan Stanley downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $19.00 to $17.00 in a research report on Wednesday, February 5th. BMO Capital Markets cut their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a research report on Thursday, December 5th. Finally, Telsey Advisory Group cut their price target on shares of American Eagle Outfitters from $20.00 to $18.00 and set a "market perform" rating for the company in a report on Tuesday, January 14th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $21.00.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction that occurred on 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 SEC, which is available at this hyperlink. Corporate insiders own 7.30% of the company's stock.

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.