Amundi Purchases 55,964 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Amundi increased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 173.8% during the fourth quarter, HoldingsChannel reports. The fund owned 88,172 shares of the apparel retailer’s stock after buying an additional 55,964 shares during the quarter. Amundi’s holdings in American Eagle Outfitters were worth $1,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zacks Investment Management bought a new stake in American Eagle Outfitters during the 3rd quarter worth $931,000. Intech Investment Management LLC bought a new stake in American Eagle Outfitters during the 3rd quarter worth $3,731,000. NFJ Investment Group LLC bought a new stake in American Eagle Outfitters during the 3rd quarter worth $2,680,000. Smartleaf Asset Management LLC grew its position in 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 acquiring an additional 1,944 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of American Eagle Outfitters in the 4th quarter valued at about $378,000. Institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.30% of the stock is owned by company insiders.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO opened at $12.12 on Wednesday. The business’s 50-day moving average is $14.57 and its 200-day moving average is $17.46. American Eagle Outfitters, Inc. has a 1 year low of $10.74 and a 1 year high of $26.25. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Analysts Set New Price Targets

A number of equities research analysts have commented on AEO shares. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Telsey Advisory Group reduced their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday, March 11th. UBS Group reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.