Monimus Capital Management LP Buys Shares of 60,079 American Eagle Outfitters, Inc. (NYSE:AEO)

Monimus Capital Management LP bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,079 shares of the apparel retailer's stock, valued at approximately $1,002,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Investors Research Corp increased its position in American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer's stock worth $1,035,000 after buying an additional 650 shares during the period. Blue Trust Inc. boosted its stake in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after purchasing an additional 937 shares during the period. Segall Bryant & Hamill LLC grew its position in American Eagle Outfitters by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer's stock worth $1,112,000 after purchasing an additional 1,033 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after buying an additional 1,608 shares during the last quarter. Finally, Candriam S.C.A. boosted its stake in shares of American Eagle Outfitters by 16.2% during the fourth quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer's stock worth $216,000 after buying an additional 1,800 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.

Remove Ads

Insider Buying and Selling

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Stock Down 1.5 %

American Eagle Outfitters stock traded down $0.19 during trading hours on Wednesday, hitting $11.92. 4,658,311 shares of the company traded hands, compared to its average volume of 4,694,480. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25. The firm has a market cap of $2.29 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.82 and a beta of 1.57. The firm's 50-day simple moving average is $14.57 and its two-hundred day simple moving average is $17.46.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is presently 29.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AEO shares. UBS Group decreased their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their price objective on shares of American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Morgan Stanley reduced their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters presently has a consensus rating of "Hold" and an average target price of $16.00.

American Eagle Outfitters Company 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.