Deutsche Bank AG increased its position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 58.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,981 shares of the apparel retailer's stock after acquiring an additional 63,794 shares during the period. Deutsche Bank AG owned approximately 0.09% of American Eagle Outfitters worth $2,884,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of AEO. D. E. Shaw & Co. Inc. increased its position in American Eagle Outfitters by 69.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,354,447 shares of the apparel retailer's stock valued at $22,579,000 after acquiring an additional 553,372 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of American Eagle Outfitters by 868,408.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer's stock worth $14,478,000 after purchasing an additional 868,408 shares in the last quarter. Bayesian Capital Management LP grew its stake in shares of American Eagle Outfitters by 434.5% in the fourth quarter. Bayesian Capital Management LP now owns 52,528 shares of the apparel retailer's stock worth $876,000 after purchasing an additional 42,700 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of American Eagle Outfitters by 24.1% during the fourth quarter. Bank of America Corp DE now owns 441,323 shares of the apparel retailer's stock valued at $7,357,000 after purchasing an additional 85,775 shares during the period. Finally, Gallagher Fiduciary Advisors LLC raised its stake in shares of American Eagle Outfitters by 5.2% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer's stock valued at $262,000 after purchasing an additional 783 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AEO. Bank of America lowered their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. BMO Capital Markets decreased their price objective on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. lowered their price objective on shares of American Eagle Outfitters from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 14th. UBS Group cut their target price on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Barclays decreased their price target on American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, American Eagle Outfitters presently has an average rating of "Hold" and a consensus price target of $14.80.
Read Our Latest Stock Analysis on American Eagle Outfitters
American Eagle Outfitters Stock Performance
AEO stock traded up $0.39 during mid-day trading on Tuesday, hitting $11.09. 9,369,469 shares of the company were exchanged, compared to its average volume of 5,552,051. American Eagle Outfitters, Inc. has a 1-year low of $9.45 and a 1-year high of $24.26. The firm's 50 day simple moving average is $11.21 and its 200 day simple moving average is $14.25. The firm has a market cap of $1.92 billion, a P/E ratio of 9.48, a P/E/G ratio of 0.82 and a beta of 1.56.
American Eagle Outfitters Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.51%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
About American Eagle Outfitters
(
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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