Wealthfront Advisers LLC purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 82,599 shares of the apparel retailer's stock, valued at approximately $1,377,000.
A number of other institutional investors have also made changes to their positions in AEO. Blue Trust Inc. increased its holdings in shares of American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after acquiring an additional 937 shares during the last quarter. Principal Securities Inc. boosted its position in American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock valued at $43,000 after purchasing an additional 2,463 shares during the period. Park Place Capital Corp acquired a new position in American Eagle Outfitters during the 4th quarter valued at approximately $45,000. Smartleaf Asset Management LLC boosted its position in American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock valued at $55,000 after purchasing an additional 1,944 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after purchasing an additional 1,608 shares during the period. 97.33% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Raymond James assumed coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a "market perform" rating for the company. UBS Group reduced their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Bank of America reduced their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Barclays lowered American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and reduced their price target 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 given a buy rating to the company's stock. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and a consensus target price of $16.00.
Read Our Latest Research Report on AEO
Insider Activity at American Eagle Outfitters
In related news, Director Cary D. Mcmillan sold 2,999 shares of the company's stock in a transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by insiders.
American Eagle Outfitters Price Performance
Shares of AEO traded down $0.19 during midday trading on Wednesday, reaching $11.92. The stock had a trading volume of 4,589,049 shares, compared to its average volume of 4,694,204. The firm's 50 day moving average price is $14.57 and its 200-day moving average price is $17.46. The company has a market capitalization of $2.29 billion, a P/E ratio of 10.19, 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 $26.25.
American Eagle Outfitters Announces Dividend
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 given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters's payout ratio is 29.76%.
About American Eagle Outfitters
(
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.
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