Envestnet Portfolio Solutions Inc. purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,388 shares of the apparel retailer's stock, valued at approximately $390,000.
Other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of American Eagle Outfitters by 2.8% during the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer's stock valued at $218,293,000 after acquiring an additional 268,326 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Eagle Outfitters by 8.4% during the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer's stock worth $65,341,000 after purchasing an additional 226,821 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of American Eagle Outfitters by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after buying an additional 381,047 shares during the period. Systematic Financial Management LP grew its stake in shares of American Eagle Outfitters by 8.8% in the third quarter. Systematic Financial Management LP now owns 1,394,167 shares of the apparel retailer's stock valued at $31,215,000 after buying an additional 112,367 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of American Eagle Outfitters by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer's stock valued at $14,266,000 after buying an additional 15,038 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on AEO shares. UBS Group decreased their price target on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. BMO Capital Markets reaffirmed a "market perform" rating and set a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley lowered their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $16.00.
Check Out Our Latest Stock Analysis on American Eagle Outfitters
Insider Activity
In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 7.30% of the company's stock.
American Eagle Outfitters Price Performance
NYSE:AEO traded down $0.50 during mid-day trading on Friday, reaching $11.42. The stock had a trading volume of 5,447,154 shares, compared to its average volume of 4,864,572. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25. The stock's 50 day simple moving average is $13.92 and its two-hundred day simple moving average is $17.04.
American Eagle Outfitters Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.38%. American Eagle Outfitters's payout ratio is 29.76%.
American Eagle Outfitters Profile
(
Free Report)
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.
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