EntryPoint Capital LLC Buys 24,567 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

EntryPoint Capital LLC increased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 124.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,314 shares of the apparel retailer’s stock after buying an additional 24,567 shares during the quarter. American Eagle Outfitters accounts for about 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 21st largest position. EntryPoint Capital LLC’s holdings in American Eagle Outfitters were worth $739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of AEO. Blue Trust Inc. boosted its stake in shares of American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares in the last quarter. Principal Securities Inc. lifted its holdings in American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new position in American Eagle Outfitters in the fourth quarter valued at about $45,000. Smartleaf Asset Management LLC grew its stake in American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after buying an additional 1,944 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AEO. JPMorgan Chase & Co. cut their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Finally, UBS Group reduced their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Stock Performance

AEO opened at $12.76 on Tuesday. The company has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $17.25. The firm has a market capitalization of $2.45 billion, a PE ratio of 10.91, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 52 week low of $10.74 and a 52 week high of $26.25.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 3.92%. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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.