1 week Ago By Defense World Staff
Orion Portfolio Solutions LLC cut its holdings in American Eagle Outfitters, Inc. (NYSE:AEO – Free Report) by 7.2% in the 4th quarter, according to its most recent 13F filing with the SEC.
The fund owned 45,953 shares of the apparel retailer’s stock after selling 3,547 shares during the period. Orion Portfolio Solutions LLC’s holdings in American Eagle Outfitters were worth $766,000 at the end of the most recent reporting period. A number of other large investors also recently made changes to their positions in the business.
Norges Bank acquired a new position in American Eagle Outfitters in the fourth quarter valued at $35,267,000. American Century Companies Inc. increased its stake in shares of American Eagle Outfitters by 9.
4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after acquiring an additional 472,683 shares during the last quarter.
Charles Schwab Investment Management Inc. lifted its holdings in shares of American Eagle Outfitters by 15.3% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock worth $47,976,000 after acquiring an additional 381,047 shares during the period. Hantz Financial Services Inc.
boosted its position in shares of American Eagle Outfitters by 511.9% in the fourth quarter. Hantz Financial Services Inc.
now owns 430,860 shares of the apparel retailer’s stock worth $7,182,000 after acquiring an additional 360,447 shares during the last quarter. Finally, Trivest Advisors Ltd purchased a new stake in American Eagle Outfitters in the fourth quarter valued at approximately $4,948,000. Hedge funds and other institutional investors own 97.
33% of the company’s stock. Insider ActivityIn related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th.
The stock was sold at an average price of $16.02, for a total value of $48,043.98.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.30% of the company’s stock.
Analyst Upgrades and DowngradesA number of equities analysts have weighed in on AEO shares. Bank of America decreased their price target on shares of American Eagle Outfitters from $18.00 to $13.
00 and set a “neutral” rating on the stock in a report on Friday, March 14th. UBS Group lowered their price target on American Eagle Outfitters from $32.00 to $28.
00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the stock a “neutral” rating in a report on Tuesday, March 11th.
Telsey Advisory Group decreased their target price on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, March 13th.
Finally, BMO Capital Markets reissued a “market perform” rating and set a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th.
Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.
00.Get Our Latest Stock Report on AEOAmerican Eagle Outfitters Trading Up 4.6 %NYSE AEO opened at $10.
93 on Monday. The stock has a market cap of $1.88 billion, a P/E ratio of 9.
34, a PEG ratio of 0.82 and a beta of 1.40.
The company’s fifty day simple moving average is $13.38 and its 200-day simple moving average is $16.76.
American Eagle Outfitters, Inc. has a 52 week low of $9.80 and a 52 week high of $25.
50. American Eagle Outfitters Dividend AnnouncementThe company also recently disclosed 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 dividend on an annualized basis and a yield of 4.58%. American Eagle Outfitters’s dividend payout ratio is currently 29.
76%. American Eagle Outfitters Profile (Free Report)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.
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