Elo Mutual Pension Insurance Co Buys Shares of 21,858 American Eagle Outfitters, Inc. (NYSE:AEO)

Elo Mutual Pension Insurance Co purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 21,858 shares of the apparel retailer’s stock, valued at approximately $364,000.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position 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 valued at $32,000 after buying an additional 937 shares during the last quarter. 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. Principal Securities Inc. lifted its holdings 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 worth $43,000 after acquiring an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 1,944 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Price Performance

Shares of AEO opened at $11.42 on Monday. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25. The stock has a market cap of $1.97 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm has a fifty day moving average price of $13.92 and a 200 day moving average price of $17.04.

American Eagle Outfitters Announces Dividend

The company also recently disclosed 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. This represents a $0.50 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEO shares. BMO Capital Markets restated a “market perform” rating and set a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Bank of America decreased 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, March 14th. Raymond James assumed coverage on American Eagle Outfitters in a research report on Friday, December 13th. They issued a “market perform” rating for the company. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley dropped their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.00.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.