American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lessened its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 83.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 428,192 shares of the apparel retailer’s stock after selling 2,201,976 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.22% of American Eagle Outfitters worth $7,138,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AEO. Blue Trust Inc. boosted its holdings in shares of American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares during the last quarter. Principal Securities Inc. raised its stake in shares of American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares during the period. Park Place Capital Corp purchased a new position in shares of American Eagle Outfitters in the 4th quarter valued at $45,000. Smartleaf Asset Management LLC raised its stake in shares of American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 1,944 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of American Eagle Outfitters by 171.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after acquiring an additional 1,608 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Telsey Advisory Group cut their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $17.00 to $10.00 in a research note on Tuesday. Bank of America dropped their price target on shares of American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Insider Transactions at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

AEO opened at $10.93 on Friday. The company has a 50-day moving average of $15.01 and a 200-day moving average of $17.78. The company has a market capitalization of $2.10 billion, a P/E ratio of 9.34, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 1-year low of $10.92 and a 1-year high of $26.25.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.58%. American Eagle Outfitters’s payout ratio is currently 42.74%.

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.