Gallacher Capital Management LLC Sells 6,807 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Gallacher Capital Management LLC trimmed its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,881 shares of the apparel retailer’s stock after selling 6,807 shares during the period. Gallacher Capital Management LLC’s holdings in American Eagle Outfitters were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of 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 in the last quarter. Advisors Asset Management Inc. boosted its position in 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 acquiring an additional 1,608 shares in the last quarter. Principal Securities Inc. boosted its position in 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 valued at $43,000 after acquiring an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new stake in American Eagle Outfitters during the fourth quarter valued at about $45,000. Finally, Smartleaf Asset Management LLC boosted its position in American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 1,944 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on AEO shares. Telsey Advisory Group decreased their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research report on Thursday. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday. Citigroup set a $13.00 price target on American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Bank of America lowered their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.00.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction that occurred on 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 can be accessed through this hyperlink. Company insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Performance

Shares of AEO opened at $11.06 on Friday. The stock has a 50-day moving average of $14.76 and a two-hundred day moving average of $17.61. American Eagle Outfitters, Inc. has a one year low of $10.74 and a one year high of $26.25. The stock has a market cap of $2.12 billion, a P/E ratio of 9.45, a P/E/G ratio of 0.82 and a beta of 1.57.

American Eagle Outfitters Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

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.