Natixis Advisors LLC Reduces Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Natixis Advisors LLC trimmed its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 240,577 shares of the apparel retailer's stock after selling 53,360 shares during the quarter. Natixis Advisors LLC owned about 0.13% of American Eagle Outfitters worth $4,010,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quest Partners LLC raised its holdings in shares of American Eagle Outfitters by 40.3% during the third quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer's stock valued at $342,000 after purchasing an additional 4,384 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake 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 valued at $1,112,000 after buying an additional 1,033 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of 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 valued at $57,000 after buying an additional 1,608 shares during the period. Intech Investment Management LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter worth $3,731,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of American Eagle Outfitters by 12.7% in 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 acquiring an additional 281,548 shares during the period. Hedge funds and other institutional investors own 97.33% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. 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 report on Thursday, March 13th. Barclays downgraded shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Bank of America reduced their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, March 14th. BMO Capital Markets reissued 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 report on Tuesday, March 11th. Finally, StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $16.00.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the business's 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 filing with the SEC, which is available through this link. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Price Performance

Shares of NYSE AEO traded down $0.26 during mid-day trading on Wednesday, reaching $11.99. The company's stock had a trading volume of 5,638,915 shares, compared to its average volume of 5,412,128. The stock has a fifty day moving average of $14.17 and a two-hundred day moving average of $17.20. The firm has a market capitalization of $2.30 billion, a PE ratio of 10.24, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 52 week low of $10.74 and a 52 week high of $26.25.

American Eagle Outfitters Announces Dividend

The business 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. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.17%. American Eagle Outfitters's payout ratio is 29.76%.

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.