Castleark Management LLC Invests $12.51 Million in American Eagle Outfitters (AEO)

Castleark Management LLC bought a new stake in shares of American Eagle Outfitters (NYSE:AEO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 665,356 shares of the apparel retailer’s stock, valued at approximately $12,509,000. Castleark Management LLC owned about 0.38% of American Eagle Outfitters as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Lenox Wealth Management Inc. boosted its position in American Eagle Outfitters by 8.9% in the fourth quarter. Lenox Wealth Management Inc. now owns 32,763 shares of the apparel retailer’s stock worth $616,000 after purchasing an additional 2,675 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Eagle Outfitters by 35.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the apparel retailer’s stock worth $217,000 after purchasing an additional 2,993 shares during the last quarter. Meadow Creek Investment Management LLC boosted its position in American Eagle Outfitters by 16.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 25,466 shares of the apparel retailer’s stock worth $479,000 after purchasing an additional 3,638 shares during the last quarter. Jane Street Group LLC boosted its position in American Eagle Outfitters by 18.5% in the fourth quarter. Jane Street Group LLC now owns 25,000 shares of the apparel retailer’s stock worth $470,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in American Eagle Outfitters by 2.0% in the third quarter. Mackenzie Financial Corp now owns 201,000 shares of the apparel retailer’s stock worth $2,874,000 after purchasing an additional 4,000 shares during the last quarter. 86.07% of the stock is currently owned by institutional investors.

Several research firms have weighed in on AEO. Jefferies Group reissued a “buy” rating and issued a $24.00 price objective on shares of American Eagle Outfitters in a research report on Friday, February 23rd. ValuEngine raised American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. Morgan Stanley boosted their price objective on American Eagle Outfitters from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, March 9th. Loop Capital began coverage on American Eagle Outfitters in a research report on Thursday, March 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Buckingham Research raised American Eagle Outfitters from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.37.

Shares of NYSE:AEO traded down $0.21 during midday trading on Friday, reaching $21.04. 4,833,831 shares of the company traded hands, compared to its average volume of 4,027,013. American Eagle Outfitters has a 12 month low of $10.23 and a 12 month high of $21.35. The firm has a market cap of $3,730.56, a price-to-earnings ratio of 18.14, a PEG ratio of 2.03 and a beta of 1.03.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings data on Thursday, March 8th. The apparel retailer reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. American Eagle Outfitters had a return on equity of 17.91% and a net margin of 5.38%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. sell-side analysts predict that American Eagle Outfitters will post 1.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be paid a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 2.61%. This is a positive change from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 12th. American Eagle Outfitters’s payout ratio is presently 43.10%.

In related news, insider Jennifer M. Foyle sold 22,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $19.69, for a total transaction of $433,180.00. Following the sale, the insider now directly owns 49,791 shares in the company, valued at approximately $980,384.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael R. Rempell sold 15,000 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $19.92, for a total value of $298,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,467 shares of company stock worth $1,225,867. 5.80% of the stock is currently owned by corporate insiders.

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American Eagle Outfitters Profile

American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.

Institutional Ownership by Quarter for American Eagle Outfitters (NYSE:AEO)

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