American Century Companies Inc. grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,505,340 shares of the apparel retailer's stock after buying an additional 472,683 shares during the period. American Century Companies Inc. owned 2.87% of American Eagle Outfitters worth $91,774,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Quest Partners LLC boosted its stake in American Eagle Outfitters by 40.3% in the third quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer's stock valued at $342,000 after acquiring an additional 4,384 shares in the last quarter. Advisors Asset Management Inc. grew its stake in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after buying an additional 1,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in American Eagle Outfitters by 12.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer's stock worth $55,906,000 after buying an additional 281,548 shares during the period. Citigroup Inc. lifted its stake in American Eagle Outfitters by 41.0% in the third quarter. Citigroup Inc. now owns 239,688 shares of the apparel retailer's stock valued at $5,367,000 after buying an additional 69,662 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of American Eagle Outfitters by 25.8% during the third quarter. BNP Paribas Financial Markets now owns 373,675 shares of the apparel retailer's stock worth $8,367,000 after acquiring an additional 76,529 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AEO has been the topic of several analyst reports. Telsey Advisory Group lowered their target price on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. UBS Group dropped their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Raymond James began coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They issued a "market perform" rating on the stock. StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Barclays downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.00.
Get Our Latest Research Report on American Eagle Outfitters
Insiders Place Their Bets
In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on 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 insiders.
American Eagle Outfitters Price Performance
NYSE:AEO traded down $0.50 during midday trading on Friday, reaching $11.42. 5,447,154 shares of the company traded hands, compared to its average volume of 4,864,571. American Eagle Outfitters, Inc. has a twelve month low of $10.74 and a twelve month high of $26.25. The company has a fifty day moving average price of $14.02 and a 200 day moving average price of $17.13. The firm has a market capitalization of $2.19 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.38%. American Eagle Outfitters's dividend payout ratio (DPR) is 29.76%.
American Eagle Outfitters Company 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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