Millennium Management LLC lifted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 1,510.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,509,057 shares of the apparel retailer's stock after buying an additional 2,353,225 shares during the period. Millennium Management LLC owned 1.31% of American Eagle Outfitters worth $41,826,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of American Eagle Outfitters by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 101,127 shares of the apparel retailer's stock valued at $1,686,000 after buying an additional 1,282 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $4,168,000. Gotham Asset Management LLC bought a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $777,000. Deutsche Bank AG boosted its stake in American Eagle Outfitters by 58.4% during the 4th quarter. Deutsche Bank AG now owns 172,981 shares of the apparel retailer's stock valued at $2,884,000 after purchasing an additional 63,794 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in American Eagle Outfitters by 69.1% during 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 purchasing an additional 553,372 shares during the period. Institutional investors own 97.33% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on AEO shares. BMO Capital Markets reduced their target price on shares of American Eagle Outfitters from $15.00 to $11.00 and set a "market perform" rating for the company in a research note on Wednesday, May 14th. Bank of America reduced their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Barclays reduced their target price on shares of 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. Telsey Advisory Group reduced their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, American Eagle Outfitters presently has a consensus rating of "Hold" and an average price target of $14.80.
Read Our Latest Stock Report on AEO
American Eagle Outfitters Stock Performance
Shares of NYSE:AEO traded down $0.13 during trading on Friday, reaching $10.72. The company had a trading volume of 6,030,442 shares, compared to its average volume of 5,530,133. The firm's fifty day moving average is $11.25 and its 200 day moving average is $14.39. The firm has a market capitalization of $1.85 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. American Eagle Outfitters, Inc. has a twelve month low of $9.45 and a twelve month high of $24.26.
American Eagle Outfitters Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, April 11th. American Eagle Outfitters's dividend payout ratio 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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