Alliancebernstein L.P. Has $3.87 Million Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Alliancebernstein L.P. increased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 232,003 shares of the apparel retailer’s stock after acquiring an additional 2,165 shares during the quarter. Alliancebernstein L.P.’s holdings in American Eagle Outfitters were worth $3,867,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in 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 purchasing an additional 937 shares in the last quarter. Xponance Inc. grew its holdings in shares of American Eagle Outfitters by 9.1% during the fourth quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer’s stock valued at $217,000 after buying an additional 1,082 shares in the last quarter. Bridge City Capital LLC grew its holdings in shares of American Eagle Outfitters by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 171,943 shares of the apparel retailer’s stock valued at $2,866,000 after buying an additional 1,615 shares in the last quarter. Candriam S.C.A. raised its position in American Eagle Outfitters by 16.2% during the fourth quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer’s stock valued at $216,000 after buying an additional 1,800 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Up 0.5 %

Shares of AEO opened at $10.69 on Tuesday. The stock’s fifty day simple moving average is $12.47 and its 200-day simple moving average is $16.22. The firm has a market capitalization of $1.84 billion, a PE ratio of 9.14, 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.

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. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.68%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Analyst Ratings Changes

AEO has been the topic of a number of research reports. Bank of America dropped their target price on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $15.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Finally, Telsey Advisory Group reduced their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” 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 issued a buy rating to the stock. According to MarketBeat, American Eagle Outfitters has a consensus rating of “Hold” and an average target price of $15.50.

Insider Transactions at American Eagle Outfitters

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

American Eagle Outfitters 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.