AQR Capital Management LLC Boosts Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

AQR Capital Management LLC lifted its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 33.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 710,242 shares of the apparel retailer's stock after buying an additional 179,794 shares during the period. AQR Capital Management LLC owned approximately 0.37% of American Eagle Outfitters worth $11,676,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC grew its holdings in American Eagle Outfitters by 51.8% in the third quarter. Barclays PLC now owns 298,263 shares of the apparel retailer's stock worth $6,679,000 after purchasing an additional 101,795 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in American Eagle Outfitters during the 3rd quarter worth $141,000. Franklin Resources Inc. increased its position in American Eagle Outfitters by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer's stock valued at $14,266,000 after buying an additional 15,038 shares in the last quarter. Principal Financial Group Inc. raised its stake in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer's stock valued at $65,341,000 after buying an additional 226,821 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in American Eagle Outfitters in the fourth quarter valued at about $1,557,000. Institutional investors own 97.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AEO. JPMorgan Chase & Co. lowered their target price on shares of American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Morgan Stanley dropped their price objective on shares of American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday. UBS Group lowered their price target 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. Telsey Advisory Group cut their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a report on Thursday, March 13th. Finally, Bank of America decreased their target price on 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 company. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of "Hold" and an average target price of $15.40.

American Eagle Outfitters Price Performance

AEO stock traded down $0.21 during midday trading on Friday, hitting $11.14. 3,266,761 shares of the stock traded hands, compared to its average volume of 5,251,713. American Eagle Outfitters, Inc. has a 1-year low of $9.45 and a 1-year high of $25.15. The stock's fifty day simple moving average is $11.30 and its 200-day simple moving average is $15.01. The firm has a market cap of $1.92 billion, a P/E ratio of 9.52, a PEG ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.125 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.49%. American Eagle Outfitters's payout ratio is 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.