American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Investors Research Corp

Investors Research Corp reduced its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,989 shares of the apparel retailer’s stock after selling 1,250 shares during the period. Investors Research Corp’s holdings in American Eagle Outfitters were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AEO. Victory Capital Management Inc. lifted its stake in shares of American Eagle Outfitters by 40.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,370,626 shares of the apparel retailer’s stock worth $97,858,000 after acquiring an additional 1,262,693 shares during the period. Soros Capital Management LLC acquired a new stake in shares of American Eagle Outfitters in the 3rd quarter worth approximately $11,519,000. Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters by 15.3% in 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 during the period. Hantz Financial Services Inc. lifted its stake in American Eagle Outfitters by 511.9% during the fourth quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer’s stock valued at $7,182,000 after purchasing an additional 360,447 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in American Eagle Outfitters by 2.8% during the third quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after purchasing an additional 268,326 shares during the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on AEO shares. StockNews.com raised shares of American Eagle Outfitters from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. Citigroup cut their target price on shares of American Eagle Outfitters from $21.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday. UBS Group cut their target price on shares of American Eagle Outfitters from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Jefferies Financial Group cut their target price on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. Finally, Barclays reissued an “equal weight” rating and set a $17.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating and two have assigned 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 $19.70.

American Eagle Outfitters Price Performance

AEO stock opened at $12.81 on Monday. American Eagle Outfitters, Inc. has a 52-week low of $11.65 and a 52-week high of $26.25. The company’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $17.96. The firm has a market capitalization of $2.46 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.90%. American Eagle Outfitters’s dividend payout ratio is presently 42.74%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.30% of the company’s stock.

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.