Kinetic Partners Management LP Invests $14.62 Million in American Eagle Outfitters, Inc. $AEO

Kinetic Partners Management LP bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the third quarter, Holdings Channel.com reports. The fund bought 854,366 shares of the apparel retailer’s stock, valued at approximately $14,618,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AEO. Raymond James Financial Inc. bought a new position in American Eagle Outfitters in the second quarter worth about $35,000. Strs Ohio purchased a new stake in American Eagle Outfitters in the third quarter worth about $36,000. Federated Hermes Inc. boosted its position in American Eagle Outfitters by 151.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,848 shares of the apparel retailer’s stock valued at $37,000 after acquiring an additional 2,315 shares in the last quarter. McIlrath & Eck LLC bought a new stake in American Eagle Outfitters during the 3rd quarter valued at approximately $39,000. Finally, Larson Financial Group LLC grew its holdings in shares of American Eagle Outfitters by 8,432.1% during the 3rd quarter. Larson Financial Group LLC now owns 2,389 shares of the apparel retailer’s stock worth $41,000 after acquiring an additional 2,361 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America increased their target price on American Eagle Outfitters from $11.00 to $18.00 and gave the stock an “underperform” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada set a $23.00 price target on American Eagle Outfitters in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded American Eagle Outfitters from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $14.00 to $20.00 in a report on Wednesday, December 3rd. UBS Group raised their price objective on American Eagle Outfitters from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Barclays dropped their target price on shares of American Eagle Outfitters from $24.00 to $19.00 and set an “underweight” rating on the stock in a report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $21.75.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $26.21, for a total value of $49,694.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel Joseph Spiegel sold 1,896 shares of the business’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $25.66, for a total transaction of $48,651.36. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.70% of the company’s stock.

American Eagle Outfitters Price Performance

AEO opened at $17.41 on Tuesday. The stock has a 50-day moving average price of $23.66 and a 200-day moving average price of $20.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.52 and a quick ratio of 0.71. The firm has a market cap of $2.95 billion, a PE ratio of 15.55, a P/E/G ratio of 1.25 and a beta of 1.39. American Eagle Outfitters, Inc. has a 1 year low of $9.27 and a 1 year high of $28.46.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a net margin of 3.49% and a return on equity of 16.76%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm posted $0.54 EPS. American Eagle Outfitters’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, April 10th. American Eagle Outfitters’s dividend payout ratio is currently 44.64%.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.