American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 44.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,595 shares of the apparel retailer's stock after selling 40,583 shares during the quarter. Trexquant Investment LP's holdings in American Eagle Outfitters were worth $843,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth $92,000. Alliancebernstein L.P. boosted its position in American Eagle Outfitters by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 232,003 shares of the apparel retailer's stock worth $3,867,000 after purchasing an additional 2,165 shares during the period. Wellington Management Group LLP increased its holdings in American Eagle Outfitters by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock valued at $165,594,000 after purchasing an additional 184,067 shares in the last quarter. Intrust Bank NA acquired a new position in shares of American Eagle Outfitters during the fourth quarter worth about $238,000. Finally, Pictet Asset Management Holding SA grew its stake in shares of American Eagle Outfitters by 14.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 27,915 shares of the apparel retailer's stock valued at $465,000 after buying an additional 3,563 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

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Insider Buying and Selling at American Eagle Outfitters

In related 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AEO has been the subject of several recent research reports. BMO Capital Markets reaffirmed a "market perform" rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Telsey Advisory Group cut their price target on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. Barclays lowered American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $17.00 to $10.00 in a research note on Tuesday, March 11th. Morgan Stanley decreased their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Finally, UBS Group decreased their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.50.

American Eagle Outfitters Stock Down 2.7 %

AEO stock traded down $0.29 during midday trading on Tuesday, reaching $10.37. The company had a trading volume of 6,057,819 shares, compared to its average volume of 5,116,142. The stock has a 50 day moving average price of $12.47 and a 200 day moving average price of $16.22. The firm has a market capitalization of $1.79 billion, a PE ratio of 8.86, a P/E/G ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a fifty-two week low of $9.45 and a fifty-two week high of $25.15.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.82%. American Eagle Outfitters's payout ratio is currently 29.76%.

American Eagle Outfitters Company 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.