Bridgewater Associates LP Boosts Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Bridgewater Associates LP increased its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 33.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,833 shares of the apparel retailer's stock after purchasing an additional 67,627 shares during the period. Bridgewater Associates LP owned approximately 0.14% of American Eagle Outfitters worth $4,548,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AEO. Norges Bank bought a new position in American Eagle Outfitters during the 4th quarter valued at $35,267,000. American Century Companies Inc. lifted its stake in American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock valued at $91,774,000 after acquiring an additional 472,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in American Eagle Outfitters by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock valued at $47,976,000 after acquiring an additional 381,047 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in American Eagle Outfitters by 511.9% during the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer's stock valued at $7,182,000 after acquiring an additional 360,447 shares in the last quarter. Finally, Trivest Advisors Ltd bought a new position in American Eagle Outfitters during the 4th quarter valued at $4,948,000. 97.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AEO shares. UBS Group dropped their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley lowered their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. lowered 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. Barclays cut American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. Finally, Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.50.

American Eagle Outfitters Stock Down 0.5 %

AEO traded down $0.06 on Wednesday, hitting $10.97. The company's stock had a trading volume of 1,646,298 shares, compared to its average volume of 6,164,009. The company's 50 day simple moving average is $11.96 and its 200-day simple moving average is $15.79. The firm has a market cap of $1.89 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 12 month low of $9.44 and a 12 month high of $25.15.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.56%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 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.