Hillsdale Investment Management Inc. Has $2.27 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Hillsdale Investment Management Inc. lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AEO. Blue Trust Inc. lifted its holdings in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after buying an additional 937 shares in the last quarter. Advisors Asset Management Inc. increased its position in American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock worth $57,000 after acquiring an additional 1,608 shares during the period. Principal Securities Inc. raised its stake in American Eagle Outfitters by 2,239.1% in 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 in the last quarter. Park Place Capital Corp bought a new stake in American Eagle Outfitters in the 4th quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC boosted 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 valued at $55,000 after purchasing an additional 1,944 shares during the period. Institutional investors own 97.33% of the company's stock.

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American Eagle Outfitters Price Performance

AEO stock traded down $0.07 during trading on Thursday, reaching $11.91. 5,056,363 shares of the company were exchanged, compared to its average volume of 4,747,003. American Eagle Outfitters, Inc. has a twelve month low of $10.74 and a twelve month high of $26.25. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 0.82 and a beta of 1.57. The company has a 50-day moving average of $14.09 and a two-hundred day moving average of $17.16.

American Eagle Outfitters Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's payout ratio is 29.76%.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AEO shares. Morgan Stanley dropped their price target on shares of 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 target price on 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. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating for the company. Finally, Telsey Advisory Group decreased their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.