Point72 Hong Kong Ltd Acquires New Shares in American Eagle Outfitters, Inc. (NYSE:AEO)

Point72 Hong Kong Ltd bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,510 shares of the apparel retailer's stock, valued at approximately $525,000.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in American Eagle Outfitters by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock worth $170,431,000 after purchasing an additional 413,193 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of American Eagle Outfitters by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer's stock valued at $165,594,000 after acquiring an additional 184,067 shares in the last quarter. American Century Companies Inc. lifted its position in shares of American Eagle Outfitters by 9.4% in the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock valued at $91,774,000 after acquiring an additional 472,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 381,047 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of American Eagle Outfitters by 1,510.1% in the fourth quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer's stock valued at $41,826,000 after acquiring an additional 2,353,225 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AEO shares. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a "neutral" rating in a research report on Tuesday, March 11th. UBS Group reduced their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Wall Street Zen lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Barclays decreased their target price 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. Finally, Morgan Stanley decreased their target price on shares of American Eagle Outfitters from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $14.80.

American Eagle Outfitters Stock Performance

NYSE AEO traded up $0.33 during trading hours on Thursday, hitting $10.97. 3,353,889 shares of the company's stock were exchanged, compared to its average volume of 5,493,825. The business's 50 day moving average is $11.30 and its 200-day moving average is $14.51. American Eagle Outfitters, Inc. has a 12-month low of $9.45 and a 12-month high of $24.26. The firm has a market capitalization of $1.89 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.

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 paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.56%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.

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.