Trivest Advisors Ltd Acquires New Shares in American Eagle Outfitters, Inc. (NYSE:AEO)

Trivest Advisors Ltd acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 296,800 shares of the apparel retailer's stock, valued at approximately $4,948,000. Trivest Advisors Ltd owned approximately 0.15% of American Eagle Outfitters at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Investors Research Corp boosted its position in shares of American Eagle Outfitters by 1.4% in the 3rd quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer's stock worth $1,035,000 after purchasing an additional 650 shares in the last quarter. Blue Trust Inc. raised its stake in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Segall Bryant & Hamill LLC raised its stake in American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer's stock worth $1,112,000 after acquiring an additional 1,033 shares during the last quarter. Xponance Inc. raised its stake in American Eagle Outfitters by 9.1% in the 4th quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer's stock worth $217,000 after acquiring an additional 1,082 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in American Eagle Outfitters by 171.1% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

Remove Ads

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was 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 through this link. Insiders own 7.30% of the company's stock.

Wall Street Analyst Weigh In

AEO has been the subject of a number of research analyst reports. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday. Morgan Stanley reduced their price objective on 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 American Eagle Outfitters and gave the company a "neutral" rating in a research note on Tuesday, March 11th. 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 report on Thursday, March 13th. Finally, Barclays cut American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $16.00.

American Eagle Outfitters Stock Up 2.6 %

Shares of American Eagle Outfitters stock traded up $0.31 on Friday, hitting $12.15. 10,717,351 shares of the company were exchanged, compared to its average volume of 4,715,281. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company has a 50-day moving average price of $14.30 and a 200 day moving average price of $17.29. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend 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.