American Eagle Outfitters, Inc. (NYSE:AEO) Stock Holdings Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,933,628 shares of the apparel retailer’s stock after purchasing an additional 184,067 shares during the period. Wellington Management Group LLP owned approximately 5.17% of American Eagle Outfitters worth $165,594,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 937 shares during the last quarter. Principal Securities Inc. boosted its position 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 valued at $43,000 after purchasing an additional 2,463 shares during the period. Park Place Capital Corp acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $45,000. Smartleaf Asset Management LLC increased its stake 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 worth $55,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in American Eagle Outfitters by 140.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer’s stock worth $65,000 after buying an additional 2,297 shares during the period. 97.33% of the stock is currently owned by institutional investors.

Insider Activity at American Eagle Outfitters

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $17.00 to $10.00 in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note 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 data from MarketBeat.com, American Eagle Outfitters currently has a consensus rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Stock Performance

AEO opened at $12.65 on Thursday. The firm has a market cap of $2.18 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The business has a 50 day moving average price of $13.65 and a 200 day moving average price of $16.91. American Eagle Outfitters, Inc. has a twelve month low of $10.74 and a twelve month high of $25.95.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

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.