KLP Kapitalforvaltning AS acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 38,500 shares of the apparel retailer's stock, valued at approximately $642,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. boosted its stake in 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 acquiring an additional 937 shares in the last quarter. Principal Securities Inc. lifted 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 purchasing an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its stake 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 worth $55,000 after buying an additional 1,944 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in American Eagle Outfitters by 140.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer's stock valued at $65,000 after buying an additional 2,297 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have commented on the company. BMO Capital Markets reissued a "market perform" rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Bank of America cut their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Morgan Stanley reduced their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. lowered their price objective on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and a consensus target price of $16.00.
Get Our Latest Report on American Eagle Outfitters
Insider Transactions at American Eagle Outfitters
In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company's stock in a transaction dated Thursday, January 16th. The stock was 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 at this hyperlink. Corporate insiders own 7.30% of the company's stock.
American Eagle Outfitters Stock Up 4.6 %
Shares of American Eagle Outfitters stock traded up $0.49 during trading hours on Friday, reaching $10.93. 15,444,484 shares of the stock traded hands, compared to its average volume of 5,000,521. American Eagle Outfitters, Inc. has a one year low of $9.80 and a one year high of $25.50. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.82 and a beta of 1.40. The company has a 50 day moving average price of $13.38 and a 200 day moving average price of $16.76.
American Eagle Outfitters Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.125 dividend. 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 presently 29.76%.
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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