D. E. Shaw & Co. Inc. increased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 69.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,354,447 shares of the apparel retailer's stock after purchasing an additional 553,372 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.71% of American Eagle Outfitters worth $22,579,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC boosted 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 valued at $6,679,000 after acquiring an additional 101,795 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of American Eagle Outfitters by 2.2% in 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 in the last quarter. Principal Financial Group Inc. lifted its stake in American Eagle Outfitters by 8.4% during the 3rd 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. Nordea Investment Management AB bought a new position in American Eagle Outfitters during the 4th quarter valued at $1,557,000. Finally, ORG Partners LLC bought a new position in American Eagle Outfitters during the 4th quarter valued at $147,000. Institutional investors own 97.33% of the company's stock.
Analyst Upgrades and Downgrades
AEO has been the subject of several recent research reports. StockNews.com lowered American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Bank of America dropped their price target on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. BMO Capital Markets lowered their price objective on American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research report on Wednesday. Finally, Telsey Advisory Group lowered their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and a consensus target price of $14.80.
Check Out Our Latest Report on AEO
American Eagle Outfitters Stock Up 0.8%
Shares of AEO stock traded up $0.10 on Thursday, hitting $12.00. The company had a trading volume of 9,758,583 shares, compared to its average volume of 5,423,485. The firm has a market cap of $2.07 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. The company has a 50-day moving average price of $11.27 and a 200-day moving average price of $14.79. American Eagle Outfitters, Inc. has a twelve month low of $9.45 and a twelve month high of $24.95.
American Eagle Outfitters Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.17%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.
American Eagle Outfitters Profile
(
Free Report)
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.
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