PNC Financial Services Group Inc. Raises Position in American Eagle Outfitters, Inc. (NYSE:AEO)

PNC Financial Services Group Inc. raised its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,581 shares of the apparel retailer’s stock after purchasing an additional 4,974 shares during the period. PNC Financial Services Group Inc.’s holdings in American Eagle Outfitters were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 937 shares during the last quarter. 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 worth $43,000 after acquiring an additional 2,463 shares during the period. Park Place Capital Corp bought a new position in American Eagle Outfitters in the fourth quarter worth about $45,000. Smartleaf Asset Management LLC raised its position in shares of American Eagle Outfitters by 137.5% in the 4th 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. Finally, Advisors Asset Management Inc. boosted its holdings in shares of American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock valued at $57,000 after buying an additional 1,608 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AEO. JPMorgan Chase & Co. lowered their price target on American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. UBS Group cut their price target on 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. BMO Capital Markets reissued a “market perform” rating and set a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a report on Tuesday, March 11th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Trading Down 0.6 %

Shares of AEO stock opened at $11.83 on Friday. American Eagle Outfitters, Inc. has a twelve month low of $10.74 and a twelve month high of $26.25. The stock has a fifty day simple moving average of $14.38 and a two-hundred day simple moving average of $17.39. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the company’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.30% of the company’s stock.

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.