Jackson Creek Investment Advisors LLC Invests $1.05 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 49,452 shares of the apparel retailer’s stock, valued at approximately $1,046,000.

A number of other hedge funds also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. bought a new stake in shares of American Eagle Outfitters in the 3rd quarter worth approximately $38,000. DekaBank Deutsche Girozentrale bought a new stake in American Eagle Outfitters in the fourth quarter worth $38,000. Castleview Partners LLC boosted its position in American Eagle Outfitters by 1,608.3% during the third quarter. Castleview Partners LLC now owns 2,665 shares of the apparel retailer’s stock valued at $44,000 after buying an additional 2,509 shares during the period. Federated Hermes Inc. boosted its position in American Eagle Outfitters by 54.2% during the fourth quarter. Federated Hermes Inc. now owns 2,984 shares of the apparel retailer’s stock valued at $63,000 after buying an additional 1,049 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of American Eagle Outfitters during the fourth quarter valued at about $144,000. Institutional investors own 97.33% of the company’s stock.

Insider Activity

In other American Eagle Outfitters news, CAO James H. Keefer, Jr. sold 7,000 shares of American Eagle Outfitters stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $25.82, for a total transaction of $180,740.00. Following the completion of the transaction, the chief accounting officer now owns 17,266 shares in the company, valued at $445,808.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other American Eagle Outfitters news, CAO James H. Keefer, Jr. sold 7,000 shares of American Eagle Outfitters stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $25.82, for a total value of $180,740.00. Following the completion of the transaction, the chief accounting officer now directly owns 17,266 shares of the company’s stock, valued at $445,808.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary D. Mcmillan sold 1,908 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $24.59, for a total transaction of $46,917.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,319 shares of company stock worth $1,732,938. Insiders own 7.50% of the company’s stock.

Analysts Set New Price Targets

AEO has been the subject of a number of recent research reports. Citigroup boosted their target price on American Eagle Outfitters from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. raised American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Tuesday, April 9th. Barclays raised their target price on shares of American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday. Telsey Advisory Group increased their price target on shares of American Eagle Outfitters from $22.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, March 8th. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and a consensus price target of $22.18.

American Eagle Outfitters Stock Down 2.3 %

Shares of NYSE:AEO traded down $0.57 during trading on Tuesday, hitting $24.26. The stock had a trading volume of 3,393,351 shares, compared to its average volume of 4,526,957. The company has a market capitalization of $4.78 billion, a PE ratio of 28.38, a PEG ratio of 1.14 and a beta of 1.59. The firm’s fifty day moving average is $23.75 and its 200 day moving average is $21.16. American Eagle Outfitters, Inc. has a 12 month low of $9.95 and a 12 month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last posted its quarterly earnings data on Thursday, March 7th. The apparel retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.67 billion. American Eagle Outfitters had a return on equity of 17.76% and a net margin of 3.23%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.71 EPS for the current fiscal year.

American Eagle Outfitters declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 1st that permits the company to repurchase 30,000,000 outstanding shares. This repurchase authorization permits the apparel retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio is 58.14%.

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.