Y Intercept Hong Kong Ltd Increases Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Y Intercept Hong Kong Ltd boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 835.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,130 shares of the apparel retailer's stock after acquiring an additional 125,146 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.07% of American Eagle Outfitters worth $2,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zacks Investment Management bought a new stake in shares of American Eagle Outfitters in the third quarter worth $931,000. Intech Investment Management LLC acquired a new position in shares of American Eagle Outfitters in the third quarter worth approximately $3,731,000. NFJ Investment Group LLC bought a new stake in American Eagle Outfitters in the third quarter valued at approximately $2,680,000. Entropy Technologies LP bought a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $378,000. Finally, Nordea Investment Management AB acquired a new stake in American Eagle Outfitters during the 4th quarter valued at approximately $1,557,000. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.30% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded American Eagle Outfitters from a "hold" rating to a "buy" rating in a report on Tuesday. Barclays reissued an "equal weight" rating and issued a $17.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group decreased their target price on American Eagle Outfitters from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Tuesday, November 12th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and a consensus target price of $20.44.

American Eagle Outfitters Trading Down 0.3 %

AEO stock traded down $0.04 during trading on Friday, reaching $13.06. 5,609,580 shares of the stock were exchanged, compared to its average volume of 4,218,992. American Eagle Outfitters, Inc. has a twelve month low of $12.79 and a twelve month high of $26.44. The firm's 50 day moving average is $15.80 and its 200 day moving average is $18.38. The firm has a market cap of $2.51 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.53.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last issued its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the business earned $0.49 EPS. American Eagle Outfitters's quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict that American Eagle Outfitters, Inc. will post 1.7 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.83%. American Eagle Outfitters's dividend payout ratio is presently 42.74%.

American Eagle Outfitters 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.