Blueshift Asset Management LLC Takes $1.15 Million Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Blueshift Asset Management LLC acquired a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the fourth quarter, Holdings Channel.com reports. The firm acquired 68,750 shares of the apparel retailer’s stock, valued at approximately $1,146,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AEO. Natixis Advisors LLC grew its position in shares of American Eagle Outfitters by 514.1% in the 3rd quarter. Natixis Advisors LLC now owns 293,937 shares of the apparel retailer’s stock valued at $6,581,000 after buying an additional 246,070 shares during the last quarter. Quest Partners LLC grew its position in shares of American Eagle Outfitters by 40.3% in the 3rd quarter. Quest Partners LLC now owns 15,273 shares of the apparel retailer’s stock valued at $342,000 after buying an additional 4,384 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $141,000. Segall Bryant & Hamill LLC grew its position in shares of American Eagle Outfitters by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 49,669 shares of the apparel retailer’s stock valued at $1,112,000 after buying an additional 1,033 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of American Eagle Outfitters by 171.1% in 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 during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Down 1.5 %

Shares of NYSE:AEO opened at $11.92 on Thursday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 0.82 and a beta of 1.57. The firm’s 50-day simple moving average is $14.48 and its 200-day simple moving average is $17.42. American Eagle Outfitters, Inc. has a fifty-two week low of $10.74 and a fifty-two week high of $26.25.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AEO shares. Raymond James started coverage on shares of American Eagle Outfitters in a research report on Friday, December 13th. They set a “market perform” rating on the stock. Telsey Advisory Group lowered their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America lowered their price objective on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $15.00 price objective (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.00.

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.