Charles Schwab Investment Management Inc. Has $47.98 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 15.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,877,963 shares of the apparel retailer’s stock after acquiring an additional 381,047 shares during the period. Charles Schwab Investment Management Inc. owned 1.50% of American Eagle Outfitters worth $47,976,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AEO. Wellington Management Group LLP raised its holdings in shares of American Eagle Outfitters by 2.8% in the third quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer’s stock valued at $218,293,000 after purchasing an additional 268,326 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after purchasing an additional 226,821 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of American Eagle Outfitters by 8.8% in the third quarter. Systematic Financial Management LP now owns 1,394,167 shares of the apparel retailer’s stock valued at $31,215,000 after purchasing an additional 112,367 shares during the last quarter. Franklin Resources Inc. grew its position in American Eagle Outfitters by 2.2% during the third quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer’s stock valued at $14,266,000 after buying an additional 15,038 shares during the period. Finally, Rhumbline Advisers grew its position in American Eagle Outfitters by 2.0% during the fourth quarter. Rhumbline Advisers now owns 524,879 shares of the apparel retailer’s stock valued at $8,750,000 after buying an additional 10,538 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Stock Up 0.7 %

Shares of NYSE AEO opened at $11.06 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $10.74 and a 52 week high of $26.25. The firm’s fifty day moving average is $14.76 and its 200 day moving average is $17.65. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The business 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 $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 42.74%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AEO. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday. BMO Capital Markets restated a “market perform” rating and issued a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. Barclays lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $17.00 to $10.00 in a research report on Tuesday. Finally, Raymond James initiated coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They issued a “market perform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

Insider Activity

In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.30% of the company’s stock.

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.