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

EntryPoint Capital LLC grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 124.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,314 shares of the apparel retailer’s stock after acquiring 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 holding. EntryPoint Capital LLC’s holdings in American Eagle Outfitters were worth $739,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AEO. Prudential Financial Inc. increased its stake in American Eagle Outfitters by 67.7% during the 4th quarter. Prudential Financial Inc. now owns 500,754 shares of the apparel retailer’s stock worth $8,348,000 after purchasing an additional 202,185 shares in the last quarter. Bridge City Capital LLC boosted its holdings in shares of American Eagle Outfitters by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 171,943 shares of the apparel retailer’s stock valued at $2,866,000 after buying an additional 1,615 shares during the period. LPL Financial LLC increased its position in shares of American Eagle Outfitters by 24.5% during the fourth quarter. LPL Financial LLC now owns 55,945 shares of the apparel retailer’s stock worth $933,000 after acquiring an additional 11,018 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth $642,000. Finally, American Century Companies Inc. lifted its position in American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after acquiring an additional 472,683 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction 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 filing with the SEC, which can be accessed through this link. 7.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on AEO. JPMorgan Chase & Co. dropped their price target on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Bank of America reduced their price target on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Raymond James assumed coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating on the stock. Finally, Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $12.76 on Tuesday. American Eagle Outfitters, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $26.25. 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. The company’s 50-day moving average is $14.25 and its 200-day moving average is $17.25.

American Eagle Outfitters Announces Dividend

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

American Eagle Outfitters Company Profile

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.