Park Avenue Securities LLC Makes New Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

Park Avenue Securities LLC purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,684 shares of the apparel retailer’s stock, valued at approximately $195,000.

Several other large investors also recently made changes to their positions in AEO. Kathleen S. Wright Associates Inc. acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at about $32,000. Advisors Asset Management Inc. lifted its stake in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in American Eagle Outfitters during the 3rd quarter worth approximately $141,000. Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $141,000. Finally, ORG Partners LLC acquired a new stake in shares of American Eagle Outfitters in the fourth quarter valued at approximately $147,000. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEO. JPMorgan Chase & Co. decreased their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley raised American Eagle Outfitters from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $15.00 to $16.00 in a research report on Tuesday, January 21st. UBS Group lowered their price target 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. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Finally, Barclays lowered their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.40.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Trading Down 0.3 %

NYSE AEO opened at $17.30 on Monday. The firm has a market capitalization of $3.32 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The business’s 50-day moving average price is $17.24 and its two-hundred day moving average price is $19.35. American Eagle Outfitters, Inc. has a 12 month low of $15.36 and a 12 month high of $26.44.

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

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters’s payout ratio is currently 42.74%.

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.