Wealthfront Advisers LLC Acquires Shares of 82,599 American Eagle Outfitters, Inc. (NYSE:AEO)

Wealthfront Advisers LLC acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 82,599 shares of the apparel retailer’s stock, valued at approximately $1,377,000.

Several other institutional investors also recently made changes to their positions in the stock. Investors Research Corp grew its holdings in shares of American Eagle Outfitters by 1.4% during the third quarter. Investors Research Corp now owns 46,239 shares of the apparel retailer’s stock valued at $1,035,000 after purchasing an additional 650 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of American Eagle Outfitters by 95.7% during the fourth 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. Segall Bryant & Hamill LLC grew its holdings in American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock worth $1,112,000 after buying an additional 1,033 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in 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 worth $57,000 after buying an additional 1,608 shares in the last quarter. Finally, Candriam S.C.A. grew its holdings in American Eagle Outfitters by 16.2% in the 4th quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer’s stock worth $216,000 after buying an additional 1,800 shares in the last quarter. 97.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEO has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday. UBS Group decreased their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday. Telsey Advisory Group decreased their price objective on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday. Barclays lowered American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $17.00 to $10.00 in a report on Tuesday. Finally, StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The stock was 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 Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $11.06 on Friday. American Eagle Outfitters, Inc. has a one year low of $10.74 and a one year high of $26.25. The stock has a fifty day moving average of $14.76 and a 200-day moving average of $17.61. The company has a market capitalization of $2.12 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.52%. American Eagle Outfitters’s payout ratio is currently 29.76%.

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.