Hillsdale Investment Management Inc. Has $2.27 Million Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Hillsdale Investment Management Inc. lessened its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 28.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,900 shares of the apparel retailer’s stock after selling 52,800 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.07% of American Eagle Outfitters worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AEO. Wellington Management Group LLP increased its holdings in American Eagle Outfitters by 2.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after buying an additional 268,326 shares during the period. American Century Companies Inc. increased its stake in American Eagle Outfitters by 9.4% in the fourth 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 period. Principal Financial Group Inc. raised its position in American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock worth $65,341,000 after purchasing an additional 226,821 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in American Eagle Outfitters by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock worth $47,976,000 after purchasing an additional 381,047 shares during the period. Finally, Systematic Financial Management LP boosted its holdings in American Eagle Outfitters by 8.8% during the third quarter. Systematic Financial Management LP now owns 1,394,167 shares of the apparel retailer’s stock valued at $31,215,000 after purchasing an additional 112,367 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

American Eagle Outfitters Price Performance

AEO opened at $12.15 on Friday. The stock has a market capitalization of $2.33 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company’s 50 day simple moving average is $14.30 and its 200-day simple moving average is $17.31. American Eagle Outfitters, Inc. has a one year low of $10.74 and a one year high of $26.25.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given 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 4.12%. American Eagle Outfitters’s payout ratio is 29.76%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AEO. BMO Capital Markets restated 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. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $17.00 to $10.00 in a research note on Tuesday, March 11th. Bank of America cut their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. decreased their price objective 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. Finally, UBS Group cut their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, American Eagle Outfitters presently has a consensus rating of “Hold” and a consensus target price of $16.00.

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.