Aigen Investment Management LP Grows Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Aigen Investment Management LP raised its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 150.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,854 shares of the apparel retailer’s stock after purchasing an additional 47,340 shares during the quarter. Aigen Investment Management LP’s holdings in American Eagle Outfitters were worth $1,314,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in American Eagle Outfitters by 95.7% in the fourth 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 during the period. Advisors Asset Management Inc. increased its position 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 acquiring an additional 1,608 shares during the last quarter. Principal Securities Inc. increased its position in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth about $45,000. Finally, Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 1,944 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Up 1.1 %

Shares of American Eagle Outfitters stock opened at $12.13 on Thursday. The firm has a market cap of $2.33 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a fifty-two week low of $11.65 and a fifty-two week high of $26.44. The business has a 50-day moving average price of $15.46 and a 200 day moving average price of $18.11.

American Eagle Outfitters (NYSE:AEO) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. American Eagle Outfitters’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a yield of 4.12%. American Eagle Outfitters’s payout ratio is currently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of analyst reports. StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Tuesday, February 25th. Jefferies Financial Group dropped their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, November 12th. BMO Capital Markets dropped their target price on American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Thursday, December 5th. UBS Group dropped their target price on American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Finally, Bank of America dropped their target price on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.44.

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.