Polaris Capital Management LLC Buys Shares of 62,400 American Eagle Outfitters, Inc. (NYSE:AEO)

Polaris Capital Management LLC bought a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 62,400 shares of the apparel retailer’s stock, valued at approximately $1,040,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Congress Asset Management Co. bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $119,691,000. Victory Capital Management Inc. increased its position in shares of American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock valued at $97,858,000 after buying an additional 1,262,693 shares in the last quarter. Soros Capital Management LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $11,519,000. Hantz Financial Services Inc. increased its position in shares of American Eagle Outfitters by 511.9% in the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock valued at $7,182,000 after buying an additional 360,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of American Eagle Outfitters by 12.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer’s stock valued at $55,906,000 after buying an additional 281,548 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America reduced their target price on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets reduced their target price on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. UBS Group reduced their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Telsey Advisory Group reduced their target price on shares of American Eagle Outfitters from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group reduced their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.00.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $14.94 on Tuesday. The firm’s 50-day moving average is $16.76 and its 200-day moving average is $18.98. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 0.95 and a beta of 1.53. American Eagle Outfitters, Inc. has a 52-week low of $14.90 and a 52-week high of $26.44.

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

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.35%. American Eagle Outfitters’s dividend 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 the stock in a transaction dated 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 legal filing with the SEC, which is available through this link. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters 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.