MGO One Seven LLC Purchases Shares of 15,922 American Eagle Outfitters, Inc. (NYSE:AEO)

MGO One Seven LLC purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 15,922 shares of the apparel retailer’s stock, valued at approximately $265,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AEO. 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 worth $32,000 after buying an additional 937 shares in the last quarter. Huntington National Bank increased its holdings in American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after buying an additional 1,475 shares during the last quarter. Principal Securities Inc. raised its position in American Eagle Outfitters by 2,239.1% in the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares during the period. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC lifted its position 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 valued at $55,000 after buying an additional 1,944 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Down 2.4 %

Shares of American Eagle Outfitters stock opened at $10.78 on Wednesday. The company’s fifty day simple moving average is $11.61 and its two-hundred day simple moving average is $15.45. The firm has a market cap of $1.86 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 12-month low of $9.45 and a 12-month high of $25.15.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.50 annualized dividend and a dividend yield of 4.64%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Analyst Ratings Changes

AEO has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on American Eagle Outfitters from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, April 14th. UBS Group reduced 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 research note on Thursday, March 13th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $17.00 to $10.00 in a research report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

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.