Zurcher Kantonalbank Zurich Cantonalbank Acquires 7,710 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,399 shares of the apparel retailer’s stock after purchasing an additional 7,710 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Eagle Outfitters were worth $873,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Investors Research Corp increased its position in American Eagle Outfitters by 1.4% in the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock worth $1,035,000 after buying an additional 650 shares in the last quarter. Blue Trust Inc. grew its stake 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 valued at $32,000 after acquiring an additional 937 shares during the period. Segall Bryant & Hamill LLC increased its holdings in American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock worth $1,112,000 after acquiring an additional 1,033 shares in the last quarter. Advisors Asset Management Inc. raised its stake in 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 worth $57,000 after acquiring an additional 1,608 shares during the period. Finally, Candriam S.C.A. lifted its holdings 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 purchasing an additional 1,800 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEO. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Citigroup set a $13.00 target price on American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Telsey Advisory Group cut their target price 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. Finally, Bank of America decreased their target price on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $16.00.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters 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 transaction of $48,043.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by insiders.

American Eagle Outfitters Price Performance

NYSE AEO opened at $11.83 on Friday. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25. The stock has a 50-day moving average of $14.38 and a two-hundred day moving average of $17.39. The company has a market cap of $2.27 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.23%. 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.