Prudential Financial Inc. Has $8.35 Million Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Prudential Financial Inc. raised its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 67.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,754 shares of the apparel retailer's stock after buying an additional 202,185 shares during the period. Prudential Financial Inc. owned about 0.26% of American Eagle Outfitters worth $8,348,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bridge City Capital LLC raised its stake in American Eagle Outfitters by 0.9% in the 4th quarter. Bridge City Capital LLC now owns 171,943 shares of the apparel retailer's stock valued at $2,866,000 after acquiring an additional 1,615 shares during the period. LPL Financial LLC raised its position in shares of American Eagle Outfitters by 24.5% in the fourth quarter. LPL Financial LLC now owns 55,945 shares of the apparel retailer's stock valued at $933,000 after purchasing an additional 11,018 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth about $642,000. American Century Companies Inc. boosted its holdings in shares of American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after buying an additional 472,683 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in American Eagle Outfitters in the 4th quarter valued at about $1,146,000. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Trading Up 3.3 %

NYSE AEO traded up $0.40 on Wednesday, hitting $12.61. 5,432,470 shares of the company's stock were exchanged, compared to its average volume of 4,885,061. The stock has a 50-day moving average of $13.74 and a 200-day moving average of $16.94. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 52 week low of $10.74 and a 52 week high of $25.95.

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American Eagle Outfitters Announces Dividend

The firm also recently announced 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. This represents a $0.50 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is presently 29.76%.

Insiders Place Their Bets

In other American Eagle Outfitters 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 SEC, which is available at this link. Insiders own 7.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AEO. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. UBS Group lowered their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Morgan Stanley dropped their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Thursday, March 13th. Finally, Barclays lowered shares of American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. Eleven investment 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 has a consensus rating of "Hold" and a consensus target price of $16.00.

About American Eagle Outfitters

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.