BNP Paribas Financial Markets Decreases Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

BNP Paribas Financial Markets decreased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,238 shares of the apparel retailer's stock after selling 62,437 shares during the quarter. BNP Paribas Financial Markets owned about 0.16% of American Eagle Outfitters worth $5,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC purchased a new position in American Eagle Outfitters during the 4th quarter worth approximately $267,000. Smartleaf Asset Management LLC raised its position in American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after buying an additional 1,944 shares during the last quarter. Entropy Technologies LP purchased a new position in American Eagle Outfitters during the 4th quarter worth approximately $378,000. US Bancorp DE raised its position in American Eagle Outfitters by 1,673.7% during the 4th quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer's stock worth $1,036,000 after buying an additional 58,631 shares during the last quarter. Finally, Barclays PLC raised its position in American Eagle Outfitters by 51.8% during the 3rd quarter. Barclays PLC now owns 298,263 shares of the apparel retailer's stock worth $6,679,000 after buying an additional 101,795 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Trading Up 3.1%

AEO traded up $0.38 during midday trading on Friday, hitting $12.36. 7,086,167 shares of the company traded hands, compared to its average volume of 5,440,401. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.56, a PEG 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 $24.26. The business has a 50 day simple moving average of $11.29 and a two-hundred day simple moving average of $14.68.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.05%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters's payout ratio is 29.76%.

Wall Street Analyst Weigh In

AEO has been the subject of a number of recent research reports. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday. Barclays dropped their price objective on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Monday, May 12th. Finally, Bank of America lowered their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $14.80.

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.