Russell Investments Group Ltd. lowered its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 946,037 shares of the apparel retailer's stock after selling 64,681 shares during the quarter. Russell Investments Group Ltd. owned 0.49% of American Eagle Outfitters worth $15,770,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. HighTower Advisors LLC acquired a new stake in American Eagle Outfitters in the 4th quarter valued at approximately $267,000. Smartleaf Asset Management LLC grew its stake in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after buying an additional 1,944 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of American Eagle Outfitters in the 4th quarter valued at $378,000. Nordea Investment Management AB acquired a new position in American Eagle Outfitters during the 4th quarter worth about $1,557,000. Finally, US Bancorp DE boosted its holdings in American Eagle Outfitters by 1,673.7% during the 4th quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer's stock valued at $1,036,000 after acquiring an additional 58,631 shares during the period. Institutional investors and hedge funds own 97.33% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on AEO. StockNews.com cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. 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. Bank of America cut their price objective 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. BMO Capital Markets reiterated 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. Finally, Barclays downgraded American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and a consensus target price of $15.50.
Check Out Our Latest Stock Analysis on American Eagle Outfitters
American Eagle Outfitters Stock Up 0.7 %
American Eagle Outfitters stock traded up $0.08 during mid-day trading on Wednesday, hitting $10.43. The company had a trading volume of 910,196 shares, compared to its average volume of 5,106,115. American Eagle Outfitters, Inc. has a 1 year low of $9.45 and a 1 year high of $25.15. The business has a fifty day moving average of $12.35 and a 200 day moving average of $16.18. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.82 and a beta of 1.40.
American Eagle Outfitters Dividend Announcement
The business also recently declared 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 4.80%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
Insider Activity at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated 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 accessible through the SEC website. 7.30% of the stock is owned by corporate insiders.
American Eagle Outfitters 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.
Further Reading
Before you consider American Eagle Outfitters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Eagle Outfitters wasn't on the list.
While American Eagle Outfitters currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
