Bayesian Capital Management LP Invests $598,000 in American Eagle Outfitters, Inc. (NYSE:AEO)

Bayesian Capital Management LP purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,200 shares of the apparel retailer’s stock, valued at approximately $598,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of American Eagle Outfitters by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 112,685 shares of the apparel retailer’s stock worth $2,907,000 after buying an additional 6,940 shares during the period. Lazard Asset Management LLC raised its holdings in shares of American Eagle Outfitters by 76.0% in the first quarter. Lazard Asset Management LLC now owns 43,377 shares of the apparel retailer’s stock worth $1,118,000 after buying an additional 18,735 shares during the period. Boulder Hill Capital Management LP raised its holdings in shares of American Eagle Outfitters by 41.6% in the first quarter. Boulder Hill Capital Management LP now owns 150,800 shares of the apparel retailer’s stock worth $3,889,000 after buying an additional 44,300 shares during the period. Pitcairn Co. purchased a new stake in shares of American Eagle Outfitters in the first quarter worth approximately $758,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in American Eagle Outfitters by 5.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 222,478 shares of the apparel retailer’s stock worth $5,737,000 after purchasing an additional 12,230 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 0.4 %

Shares of NYSE AEO traded down $0.08 during trading on Tuesday, reaching $22.23. 4,136,614 shares of the company traded hands, compared to its average volume of 4,662,985. The firm’s fifty day simple moving average is $21.08 and its 200 day simple moving average is $22.33. The stock has a market cap of $4.37 billion, a P/E ratio of 19.82, a PEG ratio of 1.05 and a beta of 1.51. American Eagle Outfitters, Inc. has a 12-month low of $13.91 and a 12-month high of $26.44.

American Eagle Outfitters (NYSE:AEO) last released its quarterly earnings results on Wednesday, May 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. American Eagle Outfitters had a return on equity of 19.39% and a net margin of 4.12%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. American Eagle Outfitters’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts expect that American Eagle Outfitters, Inc. will post 1.75 EPS for the current year.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.25%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 45.05%.

Analyst Ratings Changes

AEO has been the topic of several research reports. Morgan Stanley reduced their price objective on American Eagle Outfitters from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Thursday, May 30th. Barclays raised their price objective on American Eagle Outfitters from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. JPMorgan Chase & Co. upgraded American Eagle Outfitters from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Tuesday, April 9th. Telsey Advisory Group restated a “market perform” rating and set a $25.00 price objective on shares of American Eagle Outfitters in a report on Thursday, May 30th. Finally, StockNews.com raised American Eagle Outfitters from a “hold” rating to a “buy” rating in a research report on Monday, May 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,577 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $20.93, for a total value of $53,936.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.30% of the company’s stock.

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.