Bank of America Corp DE Buys 85,775 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Bank of America Corp DE grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 441,323 shares of the apparel retailer’s stock after acquiring an additional 85,775 shares during the quarter. Bank of America Corp DE owned 0.23% of American Eagle Outfitters worth $7,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEO. Gallagher Fiduciary Advisors LLC grew its position in American Eagle Outfitters by 5.2% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock worth $262,000 after purchasing an additional 783 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in American Eagle Outfitters by 2,408.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer’s stock worth $20,738,000 after buying an additional 1,194,408 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of American Eagle Outfitters by 33.9% in the 4th quarter. AQR Capital Management LLC now owns 710,242 shares of the apparel retailer’s stock valued at $11,676,000 after buying an additional 179,794 shares during the period. Northern Trust Corp raised its position in American Eagle Outfitters by 10.3% in the fourth quarter. Northern Trust Corp now owns 2,119,450 shares of the apparel retailer’s stock valued at $35,331,000 after purchasing an additional 197,612 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of American Eagle Outfitters in the 4th quarter valued at approximately $4,144,000. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Performance

NYSE AEO opened at $10.72 on Monday. The company’s 50 day moving average price is $11.25 and its 200 day moving average price is $14.33. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $24.26. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AEO shares. Telsey Advisory Group reduced their price target 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. Bank of America lowered their price target on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Barclays cut their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, May 12th. 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, March 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of American Eagle Outfitters from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $14.80.

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.