47,055 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Purchased by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,055 shares of the apparel retailer's stock, valued at approximately $784,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investors Research Corp lifted its stake in American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer's stock worth $1,035,000 after purchasing an additional 650 shares during the last quarter. Blue Trust Inc. lifted 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 worth $32,000 after buying an additional 937 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer's stock valued at $1,112,000 after buying an additional 1,033 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $32,000. Finally, Diversified Trust Co raised its stake in American Eagle Outfitters by 4.3% during the 3rd quarter. Diversified Trust Co now owns 35,395 shares of the apparel retailer's stock worth $792,000 after acquiring an additional 1,443 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEO has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Barclays reissued an "equal weight" rating and issued a $17.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research report on Wednesday, February 5th. Telsey Advisory Group cut their price target on American Eagle Outfitters from $20.00 to $18.00 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a "market perform" rating for the company. Finally, Morgan Stanley cut shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $19.00 to $17.00 in a report on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.00.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded down $0.66 during trading hours on Monday, reaching $14.94. 6,010,997 shares of the stock were exchanged, compared to its average volume of 4,207,054. American Eagle Outfitters, Inc. has a 52-week low of $14.90 and a 52-week high of $26.44. The stock has a market cap of $2.87 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.95 and a beta of 1.53. The firm's 50 day moving average is $16.76 and its 200 day moving average is $18.98.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. Equities research analysts expect that American Eagle Outfitters, Inc. will post 1.7 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Friday, January 10th. American Eagle Outfitters's payout ratio is 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.30% of the stock is owned by corporate insiders.

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.