82,599 Shares in American Eagle Outfitters, Inc. (NYSE:AEO) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 82,599 shares of the apparel retailer’s stock, valued at approximately $1,377,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Eagle Outfitters by 17.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,399 shares of the apparel retailer’s stock worth $873,000 after acquiring an additional 7,710 shares in the last quarter. Amundi raised its holdings in shares of American Eagle Outfitters by 173.8% during the fourth quarter. Amundi now owns 88,172 shares of the apparel retailer’s stock worth $1,457,000 after acquiring an additional 55,964 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of American Eagle Outfitters by 23.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,581 shares of the apparel retailer’s stock worth $443,000 after acquiring an additional 4,974 shares in the last quarter. Candriam S.C.A. raised its holdings in shares of American Eagle Outfitters by 16.2% during the fourth quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer’s stock worth $216,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Inceptionr LLC raised its holdings in shares of American Eagle Outfitters by 25.8% during the fourth quarter. Inceptionr LLC now owns 26,666 shares of the apparel retailer’s stock worth $445,000 after acquiring an additional 5,466 shares in the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Bank of America cut their price objective on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Friday. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the stock a “neutral” rating in a research report on Tuesday. Telsey Advisory Group lowered their target price 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. BMO Capital Markets reissued a “market perform” rating and set a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Stock Performance

Shares of NYSE:AEO opened at $11.06 on Friday. The company 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. The stock’s 50-day moving average is $14.76 and its 200-day moving average is $17.61. American Eagle Outfitters, Inc. has a 52-week low of $10.74 and a 52-week high of $26.25.

American Eagle Outfitters Announces Dividend

The business also recently announced 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 4.52%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s payout ratio is presently 29.76%.

Insider Activity at American Eagle Outfitters

In related news, Director Cary D. Mcmillan sold 2,999 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is owned by corporate 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.