Bridge City Capital LLC Raises Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Bridge City Capital LLC grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 38.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,415 shares of the apparel retailer's stock after purchasing an additional 65,472 shares during the quarter. Bridge City Capital LLC owned approximately 0.14% of American Eagle Outfitters worth $2,759,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Empowered Funds LLC purchased a new position in American Eagle Outfitters during the fourth quarter worth about $242,000. Entropy Technologies LP bought a new stake in American Eagle Outfitters in the 4th quarter worth about $378,000. Stoneridge Investment Partners LLC increased its stake in American Eagle Outfitters by 19.4% in the 4th quarter. Stoneridge Investment Partners LLC now owns 26,861 shares of the apparel retailer's stock valued at $448,000 after buying an additional 4,366 shares during the last quarter. Finally, Polaris Capital Management LLC purchased a new stake in American Eagle Outfitters in the 4th quarter valued at about $1,040,000. Institutional investors own 97.33% of the company's stock.

Analysts Set New Price Targets

AEO has been the subject of several recent analyst reports. Telsey Advisory Group upped their target price on American Eagle Outfitters to $12.00 and gave the company a "hold" rating in a report on Friday, May 30th. Bank of America cut their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. BMO Capital Markets decreased their target price on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, May 14th. Finally, Morgan Stanley set a $10.00 price target on shares of American Eagle Outfitters and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $14.70.

American Eagle Outfitters Trading Down 0.5%

Shares of NYSE AEO traded down $0.05 during midday trading on Thursday, hitting $10.06. The company's stock had a trading volume of 6,793,395 shares, compared to its average volume of 5,698,740. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 0.82 and a beta of 1.51. The stock has a fifty day moving average price of $10.91 and a 200 day moving average price of $13.72. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $0.34 EPS. The company's revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.97%. American Eagle Outfitters's dividend payout ratio (DPR) is 51.02%.

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.