Trexquant Investment LP Sells 40,583 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Trexquant Investment LP decreased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 44.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,595 shares of the apparel retailer's stock after selling 40,583 shares during the period. Trexquant Investment LP's holdings in American Eagle Outfitters were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AEO. Blue Trust Inc. increased its holdings in shares of American Eagle Outfitters by 95.7% during the 4th 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 last quarter. Xponance Inc. increased its holdings in shares of American Eagle Outfitters by 9.1% in the fourth quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer's stock valued at $217,000 after purchasing an additional 1,082 shares during the last quarter. Bridge City Capital LLC raised its position in shares of American Eagle Outfitters by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 171,943 shares of the apparel retailer's stock valued at $2,866,000 after purchasing an additional 1,615 shares during the period. Candriam S.C.A. lifted its stake in shares of American Eagle Outfitters by 16.2% during the 4th quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer's stock worth $216,000 after buying an additional 1,800 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer's stock worth $55,000 after buying an additional 1,944 shares during the period. 97.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on AEO. JPMorgan Chase & Co. lowered their price target on shares of American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday. Barclays lowered American Eagle Outfitters from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. StockNews.com downgraded American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. BMO Capital Markets reiterated a "market perform" rating and set a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Finally, Morgan Stanley reduced their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $15.50.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO traded up $0.24 during mid-day trading on Thursday, reaching $10.52. The company had a trading volume of 1,445,386 shares, compared to its average volume of 5,110,183. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 0.82 and a beta of 1.40. The business's 50-day simple moving average is $12.25 and its 200 day simple moving average is $16.14. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $25.15.

American Eagle Outfitters Dividend Announcement

The company also recently announced 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. This represents a $0.50 annualized dividend and a yield of 4.76%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters's dividend payout ratio is currently 29.76%.

American Eagle Outfitters Company Profile

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.