Trivest Advisors Ltd Makes New $4.95 Million Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

Trivest Advisors Ltd bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 296,800 shares of the apparel retailer’s stock, valued at approximately $4,948,000. Trivest Advisors Ltd owned approximately 0.15% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Investors Research Corp grew its holdings in American Eagle Outfitters by 1.4% in the 3rd 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% in the fourth 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. Segall Bryant & Hamill LLC increased its holdings in shares of American Eagle Outfitters by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after purchasing an additional 1,033 shares during the period. Xponance Inc. raised its stake 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 purchasing an additional 1,082 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares during the period. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $12.12 on Wednesday. The stock’s fifty day moving average price is $14.57 and its two-hundred day moving average price is $17.46. The company has a market cap 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, Inc. has a 52-week low of $10.74 and a 52-week high of $26.25.

American Eagle Outfitters Announces Dividend

The firm 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 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 is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Insider Buying and Selling at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the topic of several research reports. Bank of America dropped 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 research report on Friday, March 14th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. UBS Group cut their price target 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 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 note on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, American Eagle Outfitters currently has a consensus rating of “Hold” and an average price target 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.