99,682 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 99,682 shares of the apparel retailer’s stock, valued at approximately $1,662,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC bought a new stake in shares of American Eagle Outfitters in the 3rd quarter valued at $390,000. Zacks Investment Management bought a new stake in American Eagle Outfitters in the third quarter valued at $931,000. Barclays PLC raised its holdings in shares of American Eagle Outfitters by 51.8% during the third quarter. Barclays PLC now owns 298,263 shares of the apparel retailer’s stock valued at $6,679,000 after purchasing an additional 101,795 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of American Eagle Outfitters during the third quarter valued at about $141,000. Finally, Franklin Resources Inc. boosted its position in shares of American Eagle Outfitters by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer’s stock worth $14,266,000 after purchasing an additional 15,038 shares in the last quarter. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $9.62 on Wednesday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 52-week low of $9.45 and a 52-week high of $25.50. The company has a 50-day simple moving average of $12.97 and a two-hundred day simple moving average of $16.57.

American Eagle Outfitters Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 5.20%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Insiders Place Their Bets

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Telsey Advisory Group dropped their price target on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a 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 note on Thursday, March 13th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Finally, Bank of America decreased their target price on shares of 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. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.