Schonfeld Strategic Advisors LLC Buys 1,194,408 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Schonfeld Strategic Advisors LLC boosted its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 2,408.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,244,008 shares of the apparel retailer's stock after buying an additional 1,194,408 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.65% of American Eagle Outfitters worth $20,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. MetLife Investment Management LLC lifted its position in shares of American Eagle Outfitters by 0.7% during the fourth quarter. MetLife Investment Management LLC now owns 105,949 shares of the apparel retailer's stock worth $1,766,000 after acquiring an additional 724 shares in the last quarter. TCM Advisors LLC lifted its holdings in American Eagle Outfitters by 2.1% during the 4th quarter. TCM Advisors LLC now owns 39,400 shares of the apparel retailer's stock worth $657,000 after purchasing an additional 800 shares in the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 937 shares during the period. Xponance Inc. grew its holdings in American Eagle Outfitters by 9.1% during the 4th quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer's stock valued at $217,000 after buying an additional 1,082 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock valued at $34,000 after buying an additional 1,475 shares during the period. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AEO shares. Bank of America cut their price objective on shares of 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. Telsey Advisory Group reduced their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. StockNews.com cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. decreased their target price on American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.50.

American Eagle Outfitters Stock Up 3.6 %

Shares of NYSE AEO traded up $0.39 during trading hours on Friday, reaching $11.08. 4,357,406 shares of the stock traded hands, compared to its average volume of 5,246,753. The company's 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $15.24. The company has a market capitalization of $1.91 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. American Eagle Outfitters, Inc. has a 52-week low of $9.45 and a 52-week high of $25.15.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.51%. American Eagle Outfitters's payout ratio is 29.76%.

About American Eagle Outfitters

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.