Entropy Technologies LP Increases Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Key Points

• Entropy Technologies LP increased its stake in American Eagle Outfitters by 158.4%, owning 58,610 shares valued at $681,000 as of its most recent filing.
• American Eagle Outfitters reported a loss of $0.29 EPS for the last quarter, missing estimates, while net revenue was down 4.7% year-over-year.
• The company maintains a dividend payout ratio of 51.02%, with an annualized dividend yield of 4.0%, as it recently declared a quarterly dividend of $0.125 per share.

Entropy Technologies LP raised its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 158.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,610 shares of the apparel retailer's stock after purchasing an additional 35,925 shares during the period. Entropy Technologies LP's holdings in American Eagle Outfitters were worth $681,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in American Eagle Outfitters by 380.4% during the 1st quarter. GAMMA Investing LLC now owns 2,325 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 1,841 shares during the last quarter. State of Wyoming bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at $49,000. Asset Management One Co. Ltd. lifted its holdings in shares of American Eagle Outfitters by 38.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 4,173 shares of the apparel retailer's stock valued at $48,000 after buying an additional 1,165 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at $156,000. Finally, CTC Alternative Strategies Ltd. bought a new position in shares of American Eagle Outfitters during the 4th quarter valued at $175,000. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued an "underweight" rating and set a $9.00 price target on shares of American Eagle Outfitters in a report on Monday, July 28th. Citigroup reissued a "neutral" rating on shares of American Eagle Outfitters in a report on Friday, May 23rd. Barclays decreased their target price on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Zacks Research raised American Eagle Outfitters to a "hold" rating in a report on Monday, August 11th. Finally, Cfra Research cut American Eagle Outfitters from a "moderate buy" rating to a "hold" rating in a report on Friday, June 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $14.70.

American Eagle Outfitters Price Performance

NYSE:AEO traded up $0.35 on Friday, reaching $12.99. 11,648,847 shares of the company's stock traded hands, compared to its average volume of 18,792,396. The company has a quick ratio of 0.56, a current ratio of 1.38 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $10.72 and a 200-day simple moving average of $11.60. The firm has a market cap of $2.25 billion, a PE ratio of 13.26 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12 month low of $9.27 and a 12 month high of $22.83.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The apparel retailer reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. American Eagle Outfitters had a net margin of 3.73% and a return on equity of 13.34%. American Eagle Outfitters's revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 earnings per share. Equities research analysts forecast that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current year.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, July 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.8%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 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.