Magnetar Financial LLC Sells 105,404 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Magnetar Financial LLC lowered its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 75.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,498 shares of the apparel retailer's stock after selling 105,404 shares during the quarter. Magnetar Financial LLC's holdings in American Eagle Outfitters were worth $558,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Blue Trust Inc. raised its holdings 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 valued at $32,000 after acquiring an additional 937 shares during the period. Principal Securities Inc. grew its position in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after purchasing an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at $45,000. Smartleaf Asset Management LLC lifted its holdings in American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after purchasing an additional 1,608 shares during the period. Hedge funds and other institutional investors own 97.33% of the company's stock.

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Insider Transactions at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.30% of the company's stock.

American Eagle Outfitters Stock Down 2.1 %

Shares of NYSE AEO traded down $0.26 during trading hours on Wednesday, reaching $11.99. 5,638,916 shares of the stock traded hands, compared to its average volume of 4,742,117. The company's 50-day simple moving average is $14.17 and its two-hundred day simple moving average is $17.20. The company has a market capitalization of $2.30 billion, a P/E ratio of 10.24, a price-to-earnings-growth 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 firm also recently declared 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. This represents a $0.50 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 29.76%.

Analyst Ratings Changes

AEO has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a "market perform" rating for the company. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Finally, Bank of America lowered their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $16.00.

About American Eagle Outfitters

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.