American Eagle Outfitters, Inc. (NYSE:AEO) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC cut its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 75.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 33,498 shares of the apparel retailer’s stock after selling 105,404 shares during the period. Magnetar Financial LLC’s holdings in American Eagle Outfitters were worth $558,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in 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 last quarter. Advisors Asset Management Inc. increased its holdings in shares of 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 buying an additional 1,608 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of 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 buying an additional 2,463 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters during the 4th quarter worth $45,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 1,944 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $12.15 on Friday. The business has a 50-day moving average of $14.30 and a 200-day moving average of $17.33. The company has a market capitalization of $2.33 billion, a PE ratio of 10.38, a P/E/G ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25.

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 paid a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.12%. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AEO shares. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $17.00 to $10.00 in a report on Tuesday, March 11th. Bank of America dropped their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, March 14th. 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 report on Thursday, March 13th. 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 report on Thursday, March 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 price target (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.00.

Insider Activity

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 transaction of $48,043.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.30% of the company’s stock.

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.