Arrowstreet Capital Limited Partnership Sells 1,314,882 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Arrowstreet Capital Limited Partnership decreased its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 32.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,782,388 shares of the apparel retailer’s stock after selling 1,314,882 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.45% of American Eagle Outfitters worth $46,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its position in American Eagle Outfitters by 25.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 373,675 shares of the apparel retailer’s stock valued at $8,367,000 after acquiring an additional 76,529 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of American Eagle Outfitters by 2.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 411,626 shares of the apparel retailer’s stock valued at $9,216,000 after purchasing an additional 11,742 shares in the last quarter. Martingale Asset Management L P purchased a new stake in American Eagle Outfitters in the third quarter worth $319,000. Verition Fund Management LLC raised its holdings in American Eagle Outfitters by 206.2% in the third quarter. Verition Fund Management LLC now owns 49,148 shares of the apparel retailer’s stock worth $1,100,000 after purchasing an additional 33,095 shares in the last quarter. Finally, NFJ Investment Group LLC purchased a new position in American Eagle Outfitters during the third quarter valued at $2,680,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

AEO stock opened at $12.22 on Wednesday. The stock has a market capitalization of $2.11 billion, a P/E ratio of 10.44, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $25.95. The business has a fifty day moving average price of $13.74 and a 200-day moving average price of $16.94.

American Eagle Outfitters Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Telsey Advisory Group decreased their price target on shares of 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. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. UBS Group dropped 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. Morgan Stanley reduced their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Finally, StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.00.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred 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 filing with the SEC, which is available at the SEC website. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters 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.