Castleark Management LLC Has $4.22 Million Holdings in American Eagle Outfitters (NYSE:AEO)

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Castleark Management LLC decreased its stake in American Eagle Outfitters (NYSE:AEO) by 70.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,598 shares of the apparel retailer’s stock after selling 430,447 shares during the quarter. Castleark Management LLC owned approximately 0.10% of American Eagle Outfitters worth $4,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MUFG Americas Holdings Corp boosted its holdings in American Eagle Outfitters by 99.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock valued at $149,000 after purchasing an additional 3,193 shares during the last quarter. Cerebellum GP LLC raised its stake in shares of American Eagle Outfitters by 42.7% in the 2nd quarter. Cerebellum GP LLC now owns 7,442 shares of the apparel retailer’s stock valued at $173,000 after acquiring an additional 2,226 shares during the period. CAPROCK Group Inc. purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $201,000. Bridgewater Associates LP purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $202,000. Finally, Eqis Capital Management Inc. purchased a new stake in shares of American Eagle Outfitters in the 2nd quarter valued at approximately $213,000. Institutional investors and hedge funds own 88.03% of the company’s stock.

AEO has been the topic of a number of research analyst reports. Jefferies Financial Group set a $33.00 price target on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Wednesday, July 25th. Bank of America upped their target price on shares of American Eagle Outfitters from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. UBS Group upped their target price on shares of American Eagle Outfitters from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Zacks Investment Research raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, July 23rd. Finally, Wedbush downgraded shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research note on Monday, August 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. American Eagle Outfitters presently has an average rating of “Buy” and a consensus price target of $25.07.

Shares of American Eagle Outfitters stock traded up $0.50 during trading hours on Friday, hitting $21.27. The company had a trading volume of 4,715,135 shares, compared to its average volume of 4,312,633. American Eagle Outfitters has a twelve month low of $12.51 and a twelve month high of $29.88. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.08 and a beta of 0.83.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings results on Wednesday, August 29th. The apparel retailer reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $964.85 million during the quarter, compared to analysts’ expectations of $937.98 million. American Eagle Outfitters had a net margin of 6.49% and a return on equity of 20.24%. American Eagle Outfitters’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Analysts expect that American Eagle Outfitters will post 1.49 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be paid a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, October 11th. American Eagle Outfitters’s dividend payout ratio is currently 47.41%.

In related news, Director Cary D. Mcmillan sold 16,993 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $24.87, for a total transaction of $422,615.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles F. Kessler sold 10,000 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the insider now owns 110,079 shares of the company’s stock, valued at approximately $3,082,212. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

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.

See Also: Earnings Per Share (EPS)

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

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