Marshall Wace LLP Sells 2,267,739 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Marshall Wace LLP lessened its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 83.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 442,881 shares of the apparel retailer's stock after selling 2,267,739 shares during the period. Marshall Wace LLP owned 0.23% of American Eagle Outfitters worth $7,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock valued at $32,000 after purchasing an additional 937 shares during the last quarter. Huntington National Bank grew its stake in shares of American Eagle Outfitters by 258.8% in the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer's stock worth $34,000 after acquiring an additional 1,475 shares during the last quarter. Principal Securities Inc. grew its stake in shares of American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer's stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters in the fourth quarter worth $45,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after acquiring an additional 1,944 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Trading Down 1.4 %

Shares of AEO traded down $0.16 during mid-day trading on Monday, hitting $11.04. 6,906,471 shares of the company traded hands, compared to its average volume of 5,202,306. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $25.15. The business has a 50-day moving average of $11.69 and a 200 day moving average of $15.49. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 0.82 and a beta of 1.40.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.53%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AEO. Morgan Stanley reduced their target price on 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. JPMorgan Chase & Co. dropped their price target on shares of American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Telsey Advisory Group dropped 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 lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Bank of America dropped 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 report on Friday, March 14th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and a consensus price target of $15.50.

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.