Ameriprise Financial Inc. Acquires 947 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Ameriprise Financial Inc. increased its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,291,590 shares of the apparel retailer’s stock after acquiring an additional 947 shares during the quarter. Ameriprise Financial Inc. owned about 0.67% of American Eagle Outfitters worth $21,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. HighTower Advisors LLC bought a new position in shares of American Eagle Outfitters in the fourth quarter worth approximately $267,000. Smartleaf Asset Management LLC boosted its position in shares of American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 1,944 shares during the period. Entropy Technologies LP bought a new position in shares of American Eagle Outfitters during the fourth quarter worth $378,000. US Bancorp DE boosted its position in shares of American Eagle Outfitters by 1,673.7% during the fourth quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer’s stock worth $1,036,000 after acquiring an additional 58,631 shares during the last quarter. Finally, Barclays PLC raised its stake in American Eagle Outfitters by 51.8% during the third quarter. Barclays PLC now owns 298,263 shares of the apparel retailer’s stock valued at $6,679,000 after purchasing an additional 101,795 shares in the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Price Performance

American Eagle Outfitters stock opened at $12.00 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $24.26. The business has a 50 day simple moving average of $11.27 and a 200-day simple moving average of $14.73. The stock has a market capitalization of $2.07 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AEO shares. Morgan Stanley cut their price target on shares of American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Barclays lowered 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 note on Monday. UBS Group reduced their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Telsey Advisory Group cut their price target on shares of 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.80.

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.