Arrowstreet Capital Limited Partnership Trims Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Arrowstreet Capital Limited Partnership trimmed its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 32.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,782,388 shares of the apparel retailer's stock after selling 1,314,882 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.45% of American Eagle Outfitters worth $46,382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AEO. Norges Bank purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth $35,267,000. American Century Companies Inc. boosted its stake in American Eagle Outfitters by 9.4% during the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after buying an additional 472,683 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in American Eagle Outfitters by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after buying an additional 381,047 shares during the period. Hantz Financial Services Inc. increased its position in shares of American Eagle Outfitters by 511.9% during the fourth quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer's stock valued at $7,182,000 after acquiring an additional 360,447 shares during the last quarter. Finally, Trivest Advisors Ltd purchased a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $4,948,000. Institutional investors and hedge funds own 97.33% of the company's stock.

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Analyst Ratings Changes

Several research firms recently weighed in on AEO. Bank of America dropped 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. StockNews.com cut American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Telsey Advisory Group decreased their target price on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley dropped their target price on 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. Finally, Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Eleven 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.com, American Eagle Outfitters has an average rating of "Hold" and an average target price of $16.00.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Up 4.6 %

American Eagle Outfitters stock traded up $0.49 during trading on Friday, reaching $10.93. The stock had a trading volume of 15,444,484 shares, compared to its average volume of 5,000,521. American Eagle Outfitters, Inc. has a 52-week low of $9.80 and a 52-week high of $25.50. The stock has a market cap of $1.88 billion, a PE ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 1.40. The business has a 50 day moving average price of $13.38 and a 200 day moving average price of $16.76.

American Eagle Outfitters Announces Dividend

The company 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 of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.58%. American Eagle Outfitters's payout ratio is currently 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.