68,750 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,750 shares of the apparel retailer’s stock, valued at approximately $1,146,000.

Several other institutional investors have also recently made changes to their positions in AEO. Blue Trust Inc. raised 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 worth $32,000 after purchasing an additional 937 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after purchasing 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 fourth quarter worth $45,000. Smartleaf Asset Management LLC raised its holdings in shares of American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 1,944 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of American Eagle Outfitters by 171.1% during the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after purchasing an additional 1,608 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AEO shares. Bank of America reduced their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Citigroup set a $13.00 price objective on shares of American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday, March 11th. UBS Group cut their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, March 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters presently has an average rating of “Hold” and an average price target of $16.00.

American Eagle Outfitters Stock Down 1.5 %

Shares of AEO opened at $11.92 on Thursday. American Eagle Outfitters, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $26.25. The firm’s 50 day moving average price is $14.48 and its 200 day moving average price is $17.42. The company has a market cap of $2.29 billion, a P/E ratio of 10.19, a PEG ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, April 11th. 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.