Bryce Point Capital LLC Acquires Shares of 33,701 American Eagle Outfitters, Inc. (NYSE:AEO)

Bryce Point Capital LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,701 shares of the apparel retailer's stock, valued at approximately $562,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Zacks Investment Management bought a new position in American Eagle Outfitters during the 3rd quarter worth approximately $931,000. HighTower Advisors LLC bought a new position in American Eagle Outfitters during the fourth quarter worth $267,000. NFJ Investment Group LLC acquired a new position in American Eagle Outfitters in the third quarter valued at $2,680,000. Smartleaf Asset Management LLC boosted its position in 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 valued at $55,000 after acquiring an additional 1,944 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in American Eagle Outfitters during the 4th quarter worth about $378,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters 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 is available through this link. 7.30% of the stock is currently owned by insiders.

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American Eagle Outfitters Stock Down 3.6 %

AEO stock traded down $0.37 during mid-day trading on Tuesday, reaching $9.98. 3,180,402 shares of the company traded hands, compared to its average volume of 5,024,529. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $25.50. The firm's 50 day moving average price is $13.25 and its 200 day moving average price is $16.70.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 5.01%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.

Analyst Upgrades and Downgrades

AEO has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. BMO Capital Markets reiterated a "market perform" rating and set a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Barclays cut shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Morgan Stanley dropped their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Finally, Bank of America cut their price objective on shares of 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 given a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters has a consensus 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.