Invesco Ltd. lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,525,419 shares of the apparel retailer's stock after purchasing an additional 247,461 shares during the period. Invesco Ltd. owned approximately 0.79% of American Eagle Outfitters worth $25,429,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 937 shares in the last quarter. Huntington National Bank lifted its stake in American Eagle Outfitters by 258.8% in the 4th quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after acquiring an additional 1,475 shares in the last quarter. Principal Securities Inc. boosted its position 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 acquiring an additional 2,463 shares during the period. Park Place Capital Corp purchased a new position in American Eagle Outfitters during the 4th quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC increased its holdings 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 period. 97.33% of the stock is owned by hedge funds and other institutional investors.
American Eagle Outfitters Trading Down 1.0 %
American Eagle Outfitters stock traded down $0.11 on Wednesday, reaching $10.93. 3,764,363 shares of the stock were exchanged, compared to its average volume of 5,163,448. American Eagle Outfitters, Inc. has a twelve month low of $9.45 and a twelve month high of $25.15. The firm has a fifty day moving average price of $11.96 and a two-hundred day moving average price of $15.79. The stock has a market cap of $1.88 billion, a PE ratio of 9.31, a PEG ratio of 0.82 and a beta of 1.40.
American Eagle Outfitters Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid 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 yield of 4.58%. American Eagle Outfitters's payout ratio is 29.76%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AEO. BMO Capital Markets reissued a "market perform" rating and set a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Bank of America reduced their price target on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Finally, Barclays downgraded American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.50.
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American Eagle Outfitters Company Profile
(
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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