American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 83.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 442,881 shares of the apparel retailer's stock after selling 2,267,739 shares during the quarter. Marshall Wace LLP owned about 0.23% of American Eagle Outfitters worth $7,383,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in American Eagle Outfitters during the fourth quarter worth $267,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 1,944 shares during the period. Entropy Technologies LP bought a new position in shares of American Eagle Outfitters in the 4th quarter worth about $378,000. Nordea Investment Management AB acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $1,557,000. Finally, US Bancorp DE grew its position in shares of American Eagle Outfitters by 1,673.7% during the 4th quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer's stock valued at $1,036,000 after buying an additional 58,631 shares during the last quarter. Institutional investors own 97.33% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AEO. StockNews.com downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Barclays lowered American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a report on Thursday, March 13th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, 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 research note on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and an average target price of $15.50.

American Eagle Outfitters Stock Performance

AEO opened at $11.03 on Wednesday. The stock's fifty day moving average is $11.96 and its 200-day moving average is $15.79. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $25.15. The company has a market capitalization of $1.90 billion, a PE ratio of 9.42, a P/E/G ratio of 0.82 and a beta of 1.40.

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 issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's payout ratio is 29.76%.

American Eagle Outfitters 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.

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