Dynamic Technology Lab Private Ltd Makes New Investment in American Eagle Outfitters, Inc. (NYSE:AEO)

Dynamic Technology Lab Private Ltd bought a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 135,730 shares of the apparel retailer’s stock, valued at approximately $2,262,000. American Eagle Outfitters accounts for about 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 19th largest holding. Dynamic Technology Lab Private Ltd owned about 0.07% of American Eagle Outfitters as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AEO. Wellington Management Group LLP raised its position in American Eagle Outfitters by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock valued at $165,594,000 after purchasing an additional 184,067 shares during the period. American Century Companies Inc. grew its stake in shares of 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 buying an additional 472,683 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Eagle Outfitters by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after buying an additional 226,821 shares during the period. Charles Schwab Investment Management Inc. lifted its position in 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 in the last quarter. Finally, Norges Bank purchased a new position in American Eagle Outfitters in the 4th quarter worth approximately $35,267,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 4.6 %

Shares of NYSE AEO opened at $10.93 on Friday. The business has a 50 day simple moving average of $13.38 and a 200-day simple moving average of $16.80. American Eagle Outfitters, Inc. has a twelve month low of $9.80 and a twelve month high of $25.50. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.

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. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.58%. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BMO Capital Markets reissued a “market perform” rating and set a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Morgan Stanley cut their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. UBS Group lowered their target price on 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. Barclays cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. Finally, Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.