Arrowstreet Capital Limited Partnership Lowers Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Arrowstreet Capital Limited Partnership reduced its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 32.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,782,388 shares of the apparel retailer’s stock after selling 1,314,882 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in American Eagle Outfitters were worth $46,382,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AEO. BNP Paribas Financial Markets boosted its position in shares of American Eagle Outfitters by 25.8% during the third quarter. BNP Paribas Financial Markets now owns 373,675 shares of the apparel retailer’s stock worth $8,367,000 after acquiring an additional 76,529 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of American Eagle Outfitters by 2.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 411,626 shares of the apparel retailer’s stock valued at $9,216,000 after purchasing an additional 11,742 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of American Eagle Outfitters during the third quarter valued at about $319,000. Verition Fund Management LLC increased its holdings in shares of American Eagle Outfitters by 206.2% in the third quarter. Verition Fund Management LLC now owns 49,148 shares of the apparel retailer’s stock worth $1,100,000 after purchasing an additional 33,095 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new stake in American Eagle Outfitters in the third quarter worth $2,680,000. Institutional investors own 97.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced 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. Raymond James started coverage on American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, UBS Group lowered their price target on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

American Eagle Outfitters Price Performance

AEO stock opened at $12.22 on Wednesday. American Eagle Outfitters, Inc. has a 12 month low of $10.74 and a 12 month high of $25.95. The firm’s 50-day moving average is $13.74 and its 200 day moving average is $16.94. The company has a market capitalization of $2.11 billion, a PE ratio of 10.44, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

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 dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.