Wellington Management Group LLP Boosts Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Wellington Management Group LLP grew its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,933,628 shares of the apparel retailer's stock after purchasing an additional 184,067 shares during the quarter. Wellington Management Group LLP owned approximately 5.17% of American Eagle Outfitters worth $165,594,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AEO. Blue Trust Inc. lifted 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 buying an additional 937 shares in the last quarter. Principal Securities Inc. increased its position in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after acquiring an additional 2,463 shares during the period. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the fourth quarter valued at approximately $45,000. Smartleaf Asset Management LLC boosted its holdings in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after purchasing an additional 1,944 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in American Eagle Outfitters by 140.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock worth $65,000 after purchasing an additional 2,297 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

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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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.30% of the company's stock.

American Eagle Outfitters Stock Performance

NYSE:AEO traded down $0.63 during midday trading on Monday, reaching $10.31. 12,665,701 shares of the stock traded hands, compared to its average volume of 5,031,061. The stock has a market capitalization of $1.78 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 12-month low of $9.80 and a 12-month high of $25.50. The business has a 50-day moving average of $13.25 and a two-hundred day moving average of $16.70.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.85%. American Eagle Outfitters's dividend payout ratio is presently 29.76%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AEO. Bank of America decreased their target price on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Barclays downgraded American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. Raymond James assumed coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a "market perform" rating on the stock. BMO Capital Markets restated a "market perform" rating and issued a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, Morgan Stanley lowered their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and a consensus price target of $16.00.

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.