Raymond James Financial Inc. Invests $2.15 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Raymond James Financial Inc. purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 129,234 shares of the apparel retailer's stock, valued at approximately $2,154,000. Raymond James Financial Inc. owned about 0.07% of American Eagle Outfitters at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of American Eagle Outfitters by 12.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,496,916 shares of the apparel retailer's stock worth $55,906,000 after purchasing an additional 281,548 shares in the last quarter. Citigroup Inc. boosted its position in shares of American Eagle Outfitters by 41.0% during the 3rd quarter. Citigroup Inc. now owns 239,688 shares of the apparel retailer's stock worth $5,367,000 after purchasing an additional 69,662 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of American Eagle Outfitters by 25.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 373,675 shares of the apparel retailer's stock valued at $8,367,000 after buying an additional 76,529 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in American Eagle Outfitters by 2.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 411,626 shares of the apparel retailer's stock valued at $9,216,000 after buying an additional 11,742 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

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American Eagle Outfitters Stock Performance

AEO stock traded down $2.22 during trading on Thursday, hitting $10.44. 17,254,106 shares of the company traded hands, compared to its average volume of 4,952,433. The company has a 50-day moving average of $13.51 and a 200-day moving average of $16.86. American Eagle Outfitters, Inc. has a 1 year low of $10.19 and a 1 year high of $25.50. The firm has a market capitalization of $1.80 billion, a PE ratio of 8.92, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.79%. American Eagle Outfitters's dividend payout ratio is presently 29.76%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AEO shares. Bank of America lowered their target price on 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. Telsey Advisory Group lowered their price objective 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. UBS Group dropped their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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 investment 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, the stock has a consensus rating of "Hold" and a consensus price target of $16.00.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.30% of the stock is owned by company insiders.

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.