Intech Investment Management LLC Has $3.59 Million Stock Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Intech Investment Management LLC lifted its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 29.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,336 shares of the apparel retailer’s stock after acquiring an additional 48,719 shares during the period. Intech Investment Management LLC owned approximately 0.11% of American Eagle Outfitters worth $3,590,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its position in shares of American Eagle Outfitters by 95.7% in 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 period. Advisors Asset Management Inc. increased its stake in American Eagle Outfitters by 171.1% during the 3rd 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 in the last quarter. Principal Securities Inc. increased its stake in American Eagle Outfitters by 2,239.1% during the 4th 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 in the last quarter. Park Place Capital Corp bought a new stake in American Eagle Outfitters during the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC increased its stake in American Eagle Outfitters by 137.5% during 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. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $11.92 on Thursday. The firm has a 50-day moving average of $14.48 and a 200-day moving average of $17.42. The stock has a market cap of $2.29 billion, a PE ratio of 10.19, a PEG ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 52-week low of $10.74 and a 52-week high of $26.25.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 4.19%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AEO. Bank of America lowered their target price on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, March 14th. Raymond James started coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Telsey Advisory Group decreased their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, UBS Group decreased their price target on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.00.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is owned by insiders.

American Eagle Outfitters 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.