Dynamic Technology Lab Private Ltd acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 135,730 shares of the apparel retailer's stock, valued at approximately $2,262,000. American Eagle Outfitters comprises about 0.4% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 19th largest holding. Dynamic Technology Lab Private Ltd owned about 0.07% of American Eagle Outfitters at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position 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 worth $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank increased its position in American Eagle Outfitters by 258.8% during the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after purchasing an additional 1,475 shares during the period. Principal Securities Inc. raised its holdings in American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new position in shares of American Eagle Outfitters in the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of American Eagle Outfitters by 137.5% in the 4th 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 last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.
Insider Activity at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction on 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 owned by company insiders.
American Eagle Outfitters Stock Down 6.3 %
American Eagle Outfitters stock traded down $0.72 during midday trading on Thursday, reaching $10.56. The stock had a trading volume of 4,317,184 shares, compared to its average volume of 5,082,849. The firm has a market capitalization of $1.82 billion, a PE ratio of 9.01, a P/E/G ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $25.15. The firm's 50-day moving average price is $12.77 and its 200 day moving average price is $16.47.
American Eagle Outfitters Announces Dividend
The firm also recently disclosed 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 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 29.76%.
Wall Street Analyst Weigh In
AEO has been the topic of several research analyst reports. Bank of America cut 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. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a "market perform" rating for the company. Morgan Stanley cut their price target 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. Barclays lowered shares of 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 research note on Tuesday, March 11th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $16.00.
View Our Latest Research Report on American Eagle Outfitters
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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