Night Squared LP Acquires New Stake in American Eagle Outfitters, Inc. $AEO

Night Squared LP bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 37,965 shares of the apparel retailer’s stock, valued at approximately $1,001,000.

Several other hedge funds have also made changes to their positions in AEO. Marshall Wace LLP lifted its holdings in shares of American Eagle Outfitters by 920.6% in the 3rd quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock worth $94,066,000 after buying an additional 4,959,039 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of American Eagle Outfitters by 153.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,410,162 shares of the apparel retailer’s stock worth $63,556,000 after purchasing an additional 1,457,785 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $23,395,000. Kinetic Partners Management LP purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $14,618,000. Finally, M&T Bank Corp purchased a new stake in shares of American Eagle Outfitters during the 4th quarter worth $21,413,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AEO shares. The Goldman Sachs Group set a $22.00 target price on American Eagle Outfitters in a research report on Monday, June 1st. TD Cowen reduced their target price on American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Bank of America reduced their target price on American Eagle Outfitters from $20.00 to $16.00 and set an “underperform” rating on the stock in a research report on Friday, May 29th. Barclays reduced their target price on American Eagle Outfitters from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Finally, UBS Group reduced their target price on American Eagle Outfitters from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Eagle Outfitters has an average rating of “Hold” and an average price target of $20.36.

American Eagle Outfitters Stock Down 4.8%

Shares of AEO opened at $17.58 on Wednesday. American Eagle Outfitters, Inc. has a 52 week low of $9.46 and a 52 week high of $28.46. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 4.02 and a beta of 1.33. The stock’s 50-day moving average price is $17.27 and its 200-day moving average price is $21.03.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Thursday, May 28th. The apparel retailer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. American Eagle Outfitters had a return on equity of 20.95% and a net margin of 5.01%.The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned ($0.29) earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts predict that American Eagle Outfitters, Inc. will post 1.77 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a $0.125 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.8%. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.

Insider Buying and Selling

In other American Eagle Outfitters news, Director Noel Joseph Spiegel sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cary D. Mcmillan sold 2,887 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.23, for a total value of $49,743.01. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.95% of the company’s stock.

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.