Jupiter Asset Management Ltd. cut its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 83.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 428,192 shares of the apparel retailer's stock after selling 2,201,976 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.22% of American Eagle Outfitters worth $7,138,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in AEO. Investors Research Corp grew its stake in shares of American Eagle Outfitters by 1.4% during the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer's stock valued at $1,035,000 after buying an additional 650 shares during the period. Blue Trust Inc. boosted its holdings in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after acquiring an additional 937 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in American Eagle Outfitters by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer's stock valued at $1,112,000 after acquiring an additional 1,033 shares during the period. Advisors Asset Management Inc. increased its stake in American Eagle Outfitters by 171.1% during 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. Finally, Candriam S.C.A. raised its holdings in shares of American Eagle Outfitters by 16.2% in the 4th quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer's stock worth $216,000 after purchasing an additional 1,800 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on AEO shares. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a "neutral" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. decreased 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. Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday. 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 research report on Tuesday, March 11th. Finally, Bank of America lowered their price target on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Friday. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and an average target price of $16.00.
Read Our Latest Analysis on AEO
Insiders Place Their Bets
In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by company insiders.
American Eagle Outfitters Stock Up 9.0 %
Shares of American Eagle Outfitters stock traded up $1.00 during trading hours on Monday, hitting $12.06. 14,030,405 shares of the company's stock traded hands, compared to its average volume of 5,145,358. American Eagle Outfitters, Inc. has a twelve month low of $10.74 and a twelve month high of $26.25. The company has a market cap of $2.32 billion, a PE ratio of 10.31, a PEG ratio of 0.82 and a beta of 1.57. The stock has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $17.58.
American Eagle Outfitters Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid 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 yield of 4.15%. American Eagle Outfitters's dividend payout ratio (DPR) is presently 29.76%.
About American Eagle Outfitters
(
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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