Cibc World Markets Corp Makes New Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

Cibc World Markets Corp bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 16,626 shares of the apparel retailer’s stock, valued at approximately $277,000.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares during the last quarter. Principal Securities Inc. lifted its position in shares of American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new position in shares of American Eagle Outfitters during the 4th quarter worth $45,000. Finally, Smartleaf Asset Management LLC increased its holdings in American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 1,944 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Trading Down 3.5 %

AEO stock opened at $12.28 on Wednesday. The company’s 50 day moving average is $14.17 and its 200 day moving average is $17.20. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s payout ratio is 29.76%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the subject of a number of research reports. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Bank of America cut their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Morgan Stanley lowered their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Telsey Advisory Group decreased their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.00.

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.