Bayesian Capital Management LP Purchases 42,700 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Bayesian Capital Management LP grew its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 434.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,528 shares of the apparel retailer’s stock after buying an additional 42,700 shares during the period. Bayesian Capital Management LP’s holdings in American Eagle Outfitters were worth $876,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 937 shares in the last quarter. Huntington National Bank raised its holdings in American Eagle Outfitters by 258.8% during the 4th 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 period. Principal Securities Inc. lifted its stake 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 valued at $43,000 after buying an additional 2,463 shares in the last quarter. Park Place Capital Corp acquired a new position in shares of American Eagle Outfitters in the fourth quarter valued at approximately $45,000. Finally, Smartleaf Asset Management LLC increased its position in shares of American Eagle Outfitters by 137.5% during the fourth 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. Institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AEO shares. 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 report on Friday, March 14th. StockNews.com lowered American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Barclays downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $17.00 to $10.00 in a research report on Tuesday, March 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. Finally, Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $11.11 on Tuesday. American Eagle Outfitters, Inc. has a 52-week low of $9.45 and a 52-week high of $25.15. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.82 and a beta of 1.56. The firm’s 50-day moving average is $11.39 and its 200-day moving average is $15.12.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.125 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.50%. American Eagle Outfitters’s payout ratio is 29.76%.

About American Eagle Outfitters

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.