American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC trimmed its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 75.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,498 shares of the apparel retailer’s stock after selling 105,404 shares during the period. Magnetar Financial LLC’s holdings in American Eagle Outfitters were worth $558,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares during the last quarter. Principal Securities Inc. lifted its holdings in American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp bought a new position in American Eagle Outfitters in the fourth quarter worth about $45,000. Smartleaf Asset Management LLC lifted its holdings in American Eagle Outfitters by 137.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 1,944 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after acquiring an additional 1,608 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of NYSE:AEO opened at $12.15 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $10.74 and a 12 month high of $26.25. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 0.82 and a beta of 1.57. The stock’s 50 day moving average price is $14.30 and its 200 day moving average price is $17.33.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.12%. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AEO. JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. UBS Group cut their price target on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday, March 11th. Barclays cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. Finally, Morgan Stanley cut their price target on 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. Eleven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and a consensus target price of $16.00.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters 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 accessible through the SEC website. 7.30% of the stock is currently owned by company insiders.

American Eagle Outfitters Company 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.