Congress Wealth Management LLC DE Has $8.17 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Congress Wealth Management LLC DE lessened its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 28.8% during the 4th quarter, Holdings Channel reports. The firm owned 489,959 shares of the apparel retailer’s stock after selling 198,239 shares during the quarter. Congress Wealth Management LLC DE’s holdings in American Eagle Outfitters were worth $8,168,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in 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 purchasing an additional 937 shares during the last quarter. Principal Securities Inc. increased 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 buying an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $45,000. Smartleaf Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 1,944 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position 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 acquiring an additional 1,608 shares during the last quarter. Institutional investors own 97.33% of the company’s stock.

Insider Buying and Selling at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,999 shares of the company’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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of American Eagle Outfitters stock opened at $12.28 on Wednesday. The firm has a fifty day moving average of $14.17 and a two-hundred day moving average of $17.20. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 10.50, 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 Announces Dividend

The business 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 $0.125 dividend. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.07%. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Raymond James assumed coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. UBS Group decreased their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price 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, Bank of America decreased their price target on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th. Eleven 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, American Eagle Outfitters has an average rating of “Hold” and a consensus price target of $16.00.

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.