Great Lakes Advisors LLC Cuts Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Great Lakes Advisors LLC lowered its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,765 shares of the apparel retailer’s stock after selling 16,639 shares during the period. Great Lakes Advisors LLC owned about 0.10% of American Eagle Outfitters worth $3,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. HighTower Advisors LLC purchased a new position in American Eagle Outfitters in the fourth quarter worth $267,000. Wealthfront Advisers LLC purchased a new position in American Eagle Outfitters in the fourth quarter worth $1,377,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Eagle Outfitters by 17.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,399 shares of the apparel retailer’s stock worth $873,000 after purchasing an additional 7,710 shares during the last quarter. Amundi boosted its position in American Eagle Outfitters by 173.8% in the fourth quarter. Amundi now owns 88,172 shares of the apparel retailer’s stock worth $1,457,000 after purchasing an additional 55,964 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in American Eagle Outfitters by 23.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 26,581 shares of the apparel retailer’s stock worth $443,000 after purchasing an additional 4,974 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AEO shares. Raymond James started coverage on American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. UBS Group lowered their target price on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday. Telsey Advisory Group lowered 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. Bank of America lowered their target price on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, BMO Capital Markets restated a “market perform” rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $11.06 on Friday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.82 and a beta of 1.57. The business’s fifty day moving average is $14.76 and its 200 day moving average is $17.65. 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 paid 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 4.52%. American Eagle Outfitters’s dividend payout ratio is currently 42.74%.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate 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.