ExodusPoint Capital Management LP Invests $1.66 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

ExodusPoint Capital Management LP purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 99,682 shares of the apparel retailer's stock, valued at approximately $1,662,000. ExodusPoint Capital Management LP owned about 0.05% of American Eagle Outfitters as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after acquiring an additional 937 shares during the last quarter. Xponance Inc. boosted its position in shares of American Eagle Outfitters by 9.1% in the 4th quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer's stock valued at $217,000 after purchasing an additional 1,082 shares during the period. Huntington National Bank grew its stake 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 worth $34,000 after buying an additional 1,475 shares during the last quarter. Bridge City Capital LLC increased its position in American Eagle Outfitters by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 171,943 shares of the apparel retailer's stock worth $2,866,000 after buying an additional 1,615 shares during the period. Finally, Candriam S.C.A. lifted its stake in American Eagle Outfitters by 16.2% in the fourth quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer's stock valued at $216,000 after buying an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

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American Eagle Outfitters Trading Up 2.4 %

Shares of AEO traded up $0.26 during mid-day trading on Monday, reaching $10.90. The company had a trading volume of 895,251 shares, compared to its average volume of 5,093,395. American Eagle Outfitters, Inc. has a fifty-two week low of $9.45 and a fifty-two week high of $25.15. The firm has a fifty day simple moving average of $12.57 and a 200-day simple moving average of $16.30. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid 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 4.59%. American Eagle Outfitters's dividend payout ratio is presently 29.76%.

Analysts Set New Price Targets

A number of research firms have weighed in on AEO. Morgan Stanley decreased their price objective 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. Bank of America cut their price objective on shares of 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 lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. Telsey Advisory Group reduced their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $16.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 7.30% of the company's stock.

About American Eagle Outfitters

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.