American Eagle Outfitters, Inc. (NYSE:AEO) Shares Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP grew its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 434.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,528 shares of the apparel retailer's stock after acquiring an additional 42,700 shares during the period. Bayesian Capital Management LP's holdings in American Eagle Outfitters were worth $876,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC grew its stake 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of American Eagle Outfitters during the 3rd quarter worth $141,000. Franklin Resources Inc. increased its stake in shares of American Eagle Outfitters by 2.2% during the third 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 during the period. Principal Financial Group Inc. raised its holdings in shares of 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 acquiring an additional 226,821 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in American Eagle Outfitters in the fourth quarter worth about $1,557,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Down 1.9 %

Shares of AEO traded down $0.21 during mid-day trading on Friday, hitting $11.14. 3,266,761 shares of the company traded hands, compared to its average volume of 5,260,463. The company has a market capitalization of $1.92 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. The business has a 50 day moving average of $11.28 and a 200 day moving average of $14.95. American Eagle Outfitters, Inc. has a 1-year low of $9.45 and a 1-year high of $25.15.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders 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 dividend yield of 4.49%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.

Analyst Upgrades and Downgrades

AEO has been the subject of several recent research reports. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. UBS Group reduced their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Telsey Advisory Group dropped their target price on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research report on Thursday, March 13th. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley dropped their price objective on American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.40.

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.