Congress Wealth Management LLC DE reduced its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 28.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 489,959 shares of the apparel retailer's stock after selling 198,239 shares during the quarter. Congress Wealth Management LLC DE owned about 0.26% of American Eagle Outfitters worth $8,168,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quest Partners LLC boosted its position in shares of American Eagle Outfitters by 40.3% during the third quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer's stock valued at $342,000 after buying an additional 4,384 shares during the period. Advisors Asset Management Inc. increased 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 buying an additional 1,608 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer's stock valued at $55,906,000 after buying an additional 281,548 shares in the last quarter. Citigroup Inc. raised its position in American Eagle Outfitters by 41.0% during the 3rd quarter. Citigroup Inc. now owns 239,688 shares of the apparel retailer's stock valued at $5,367,000 after purchasing an additional 69,662 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in American Eagle Outfitters by 25.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 373,675 shares of the apparel retailer's stock worth $8,367,000 after acquiring an additional 76,529 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on AEO shares. Bank of America dropped their target price 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. JPMorgan Chase & Co. dropped their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. BMO Capital Markets reiterated a "market perform" rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Finally, UBS Group lowered their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $16.00.
Check Out Our Latest Stock Analysis on American Eagle Outfitters
Insider Buying and Selling at American Eagle Outfitters
In related 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 value of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is currently owned by corporate insiders.
American Eagle Outfitters Price Performance
AEO stock traded down $0.50 during mid-day trading on Friday, reaching $11.42. 5,444,804 shares of the company's stock were exchanged, compared to its average volume of 4,862,572. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The stock's 50 day moving average is $14.02 and its 200 day moving average is $17.13. American Eagle Outfitters, Inc. has a 12-month low of $10.74 and a 12-month high of $26.25.
American Eagle Outfitters Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given 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 4.38%. American Eagle Outfitters's dividend payout ratio is presently 29.76%.
About American Eagle Outfitters
(
Free Report)
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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