American Eagle Outfitters, Inc. (NYSE:AEO) Stake Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 12.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,535 shares of the apparel retailer’s stock after purchasing an additional 16,611 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of American Eagle Outfitters worth $2,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in AEO. Blue Trust Inc. boosted its holdings 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 worth $32,000 after buying an additional 937 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of American Eagle Outfitters by 2,239.1% during the 4th 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 in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth $45,000. Smartleaf Asset Management LLC grew its holdings 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of American Eagle Outfitters by 140.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer’s stock worth $65,000 after purchasing an additional 2,297 shares during the period. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 1.9 %

American Eagle Outfitters stock opened at $11.64 on Tuesday. American Eagle Outfitters, Inc. has a 1-year low of $10.74 and a 1-year high of $26.25. The firm’s fifty day simple moving average is $13.84 and its 200-day simple moving average is $16.99. The company has a market capitalization of $2.01 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 annualized dividend and a yield of 4.30%. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Insider Transactions at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AEO. Bank of America decreased their price target on 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. JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Telsey Advisory Group decreased their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. Raymond James assumed coverage on shares of American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating on the stock. Finally, Morgan Stanley decreased their target price on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.