CANADA LIFE ASSURANCE Co Has $3.48 Million Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

CANADA LIFE ASSURANCE Co cut its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,913 shares of the apparel retailer's stock after selling 29,934 shares during the period. CANADA LIFE ASSURANCE Co owned 0.11% of American Eagle Outfitters worth $3,482,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AEO. Norges Bank acquired a new position in shares of American Eagle Outfitters during the 4th quarter valued at about $35,267,000. American Century Companies Inc. raised its position in shares of American Eagle Outfitters by 9.4% in the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock valued at $91,774,000 after purchasing an additional 472,683 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after buying an additional 381,047 shares during the last quarter. Hantz Financial Services Inc. grew its stake in American Eagle Outfitters by 511.9% in the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer's stock valued at $7,182,000 after buying an additional 360,447 shares during the last quarter. Finally, Trivest Advisors Ltd bought a new position in American Eagle Outfitters in the 4th quarter worth $4,948,000. Institutional investors own 97.33% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on AEO. 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 reduced their price objective 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. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a "neutral" rating in a report on Tuesday, March 11th. StockNews.com downgraded shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Bank of America decreased their target price on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $15.50.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock traded up $0.37 during trading hours on Thursday, hitting $10.90. 1,615,192 shares of the stock were exchanged, compared to its average volume of 5,206,666. The stock has a market capitalization of $1.88 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.82 and a beta of 1.40. The business's 50-day moving average is $11.55 and its two-hundred day moving average is $15.42. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $25.15.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend was Friday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 29.76%.

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.