US Bancorp DE Boosts Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

US Bancorp DE grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 1,673.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,134 shares of the apparel retailer’s stock after purchasing an additional 58,631 shares during the period. US Bancorp DE’s holdings in American Eagle Outfitters were worth $1,036,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its stake in 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 purchasing an additional 937 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after buying an additional 2,463 shares during the period. Park Place Capital Corp bought a new position in shares of American Eagle Outfitters during the 4th quarter worth $45,000. Advisors Asset Management Inc. increased its stake in shares of American Eagle Outfitters by 171.1% during the third 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 during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of American Eagle Outfitters in the third quarter valued at about $141,000. 97.33% of the stock is currently owned by institutional investors.

Insider Activity

In other American Eagle Outfitters 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 transaction of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

AEO has been the topic of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and set a $18.00 target price on shares of American Eagle Outfitters in a research report on Thursday. BMO Capital Markets reduced their price objective on shares of American Eagle Outfitters from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Thursday, December 5th. Morgan Stanley downgraded American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $19.00 to $17.00 in a report on Wednesday, February 5th. Bank of America decreased their price objective on American Eagle Outfitters from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group cut their target price on American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.70.

American Eagle Outfitters Stock Up 4.0 %

AEO opened at $12.81 on Monday. The company has a market cap of $2.46 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The firm’s 50-day moving average price is $15.31 and its 200-day moving average price is $17.96. American Eagle Outfitters, Inc. has a 52-week low of $11.65 and a 52-week high of $26.25.

American Eagle Outfitters Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, January 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.90%. American Eagle Outfitters’s payout ratio is currently 42.74%.

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.