Shellback Capital LP Sells 445,000 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Shellback Capital LP lowered its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 77.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,000 shares of the apparel retailer’s stock after selling 445,000 shares during the period. Shellback Capital LP owned 0.07% of American Eagle Outfitters worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of American Eagle Outfitters by 1,510.1% during the 4th quarter. Millennium Management LLC now owns 2,509,057 shares of the apparel retailer’s stock valued at $41,826,000 after acquiring an additional 2,353,225 shares during the last quarter. Norges Bank bought a new position in shares of American Eagle Outfitters in the 4th quarter valued at about $35,267,000. Schonfeld Strategic Advisors LLC increased its stake in American Eagle Outfitters by 2,408.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer’s stock worth $20,738,000 after acquiring an additional 1,194,408 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of American Eagle Outfitters by 868,408.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer’s stock valued at $14,478,000 after purchasing an additional 868,408 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of American Eagle Outfitters by 69.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,354,447 shares of the apparel retailer’s stock valued at $22,579,000 after purchasing an additional 553,372 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Up 0.8%

American Eagle Outfitters stock opened at $12.00 on Friday. The stock’s 50 day simple moving average is $11.27 and its two-hundred day simple moving average is $14.73. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $24.26. The firm has a market cap of $2.07 billion, a PE ratio of 10.26, a P/E/G ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders 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 4.17%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Analyst Ratings Changes

A number of research firms recently commented on AEO. UBS Group dropped 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. Bank of America decreased their target price on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. dropped their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley dropped their price objective on American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Finally, Barclays dropped their price target on American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.80.

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.