Hillsdale Investment Management Inc. lowered its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 28.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,900 shares of the apparel retailer's stock after selling 52,800 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.07% of American Eagle Outfitters worth $2,265,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of AEO. Blue Trust Inc. raised its position in shares of American Eagle Outfitters by 95.7% during the 4th 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 in the last quarter. Principal Securities Inc. raised its holdings in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new position in shares of American Eagle Outfitters during the fourth quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its holdings in 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 worth $55,000 after buying an additional 1,944 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position 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 valued at $57,000 after acquiring an additional 1,608 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on AEO. Bank of America decreased their price target on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Barclays downgraded 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 report on Tuesday, March 11th. BMO Capital Markets reiterated a "market perform" rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. UBS Group dropped their target price on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Finally, Raymond James initiated coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a "market perform" rating for the company. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.00.
Check Out Our Latest Research Report on AEO
American Eagle Outfitters Stock Performance
Shares of NYSE:AEO traded down $0.26 during midday trading on Wednesday, reaching $11.99. The company had a trading volume of 5,638,925 shares, compared to its average volume of 4,745,766. The company has a fifty day simple moving average of $14.09 and a two-hundred day simple moving average of $17.16. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25.
American Eagle Outfitters Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.
Insider Activity
In other American Eagle Outfitters 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 legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is owned by company insiders.
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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