Voloridge Investment Management LLC Invests $17.56 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Voloridge Investment Management LLC purchased a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,053,250 shares of the apparel retailer's stock, valued at approximately $17,558,000. Voloridge Investment Management LLC owned 0.55% of American Eagle Outfitters as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in AEO. Barclays PLC raised its position 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 purchasing an additional 101,795 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth $195,000. Park Place Capital Corp purchased a new stake in shares of American Eagle Outfitters during the fourth quarter worth $45,000. Blue Trust Inc. increased its position in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer's stock worth $32,000 after acquiring an additional 937 shares during the period. Finally, KBC Group NV grew its stake in shares of American Eagle Outfitters by 35.1% during the fourth quarter. KBC Group NV now owns 14,120 shares of the apparel retailer's stock worth $235,000 after purchasing an additional 3,668 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

NYSE AEO traded up $0.05 during trading hours on Wednesday, hitting $11.15. The company had a trading volume of 3,313,811 shares, compared to its average volume of 5,543,876. American Eagle Outfitters, Inc. has a fifty-two week low of $9.45 and a fifty-two week high of $24.26. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 0.82 and a beta of 1.56. The firm's 50 day moving average is $11.21 and its 200 day moving average is $14.25.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, April 11th. American Eagle Outfitters's payout ratio is currently 29.76%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Telsey Advisory Group lowered 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. 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 research note on Wednesday, May 14th. Citigroup restated a "neutral" rating on shares of American Eagle Outfitters in a research note on Friday, May 23rd. Wall Street Zen cut shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Barclays lowered their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th. One equities 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's stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of "Hold" and an average price target of $14.80.

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.