Blueshift Asset Management LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 68,750 shares of the apparel retailer's stock, valued at approximately $1,146,000.
A number of other institutional investors also recently bought and sold shares of AEO. Blue Trust Inc. raised its position in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Principal Securities Inc. lifted its stake in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after buying an additional 2,463 shares in the last quarter. Park Place Capital Corp acquired a new stake in American Eagle Outfitters during the 4th quarter valued at $45,000. Smartleaf Asset Management LLC increased its position in American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after buying an additional 1,944 shares in the last quarter. Finally, 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 worth $57,000 after acquiring an additional 1,608 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
American Eagle Outfitters Price Performance
AEO stock traded up $0.64 during midday trading on Monday, reaching $12.76. 8,186,061 shares of the company's stock traded hands, compared to its average volume of 4,729,164. American Eagle Outfitters, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $26.25. The business has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $17.25. The company has a market capitalization of $2.45 billion, a P/E ratio of 10.91, a PEG ratio of 0.82 and a beta of 1.57.
American Eagle Outfitters Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 3.92%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
Insider Buying and Selling at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms recently commented on AEO. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Telsey Advisory Group cut their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. Raymond James started coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating on the stock. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $16.00.
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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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