Corebridge Financial Inc. Has $1.58 Million Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Corebridge Financial Inc. cut its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,490 shares of the apparel retailer’s stock after selling 10,049 shares during the quarter. Corebridge Financial Inc.’s holdings in American Eagle Outfitters were worth $1,575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zacks Investment Management acquired a new position in shares of American Eagle Outfitters during the 3rd quarter valued at $931,000. NFJ Investment Group LLC acquired a new position in shares of American Eagle Outfitters during the third quarter valued at about $2,680,000. Smartleaf Asset Management LLC grew its stake 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 valued at $55,000 after buying an additional 1,944 shares during the period. Entropy Technologies LP bought a new stake in American Eagle Outfitters in the 4th quarter valued at about $378,000. Finally, Nordea Investment Management AB acquired a new position in American Eagle Outfitters during the 4th quarter worth approximately $1,557,000. 97.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AEO shares. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price objective (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of 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. Morgan Stanley lowered their price objective on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Barclays cut shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. Finally, Bank of America lowered their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, American Eagle Outfitters presently has an average rating of “Hold” and a consensus target price of $16.00.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $12.65 on Thursday. The stock has a market cap of $2.18 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $25.95. The firm’s 50-day simple moving average is $13.65 and its 200 day simple moving average is $16.91.

American Eagle Outfitters Dividend Announcement

The firm also recently announced 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 3.95%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

Insider Activity at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available at this link. 7.30% of the stock is currently owned by company insiders.

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.