Geode Capital Management LLC decreased its stake in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,028,221 shares of the apparel retailer's stock after selling 97,619 shares during the quarter. Geode Capital Management LLC owned 2.10% of American Eagle Outfitters worth $67,166,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in American Eagle Outfitters in the fourth quarter valued at about $35,267,000. American Century Companies Inc. raised its holdings in American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after buying an additional 472,683 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $47,976,000 after buying an additional 381,047 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of American Eagle Outfitters by 511.9% in the fourth 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 period. Finally, Trivest Advisors Ltd bought a new stake in shares of American Eagle Outfitters during the fourth quarter worth $4,948,000. Institutional investors own 97.33% of the company's stock.
American Eagle Outfitters Stock Up 5.1 %
Shares of NYSE AEO traded up $0.52 during midday trading on Friday, hitting $10.80. 7,762,138 shares of the company's stock were exchanged, compared to its average volume of 5,138,558. The firm has a market capitalization of $1.86 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $25.15. The company's 50 day moving average price is $12.17 and its 200 day moving average price is $16.06.
American Eagle Outfitters Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.63%. American Eagle Outfitters's dividend payout ratio is currently 29.76%.
Analyst Ratings Changes
A number of brokerages recently weighed in on AEO. UBS Group reduced their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. StockNews.com downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. BMO Capital Markets restated a "market perform" rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Morgan Stanley decreased their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.50.
Read Our Latest Stock Analysis on AEO
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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