Wells Fargo & Company MN cut its holdings in American Eagle Outfitters (NYSE:AEO) by 38.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,096 shares of the apparel retailer’s stock after selling 366,943 shares during the period. Wells Fargo & Company MN owned about 0.33% of American Eagle Outfitters worth $14,329,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. First Quadrant L P CA lifted its holdings in American Eagle Outfitters by 660.9% in the 3rd quarter. First Quadrant L P CA now owns 4,459 shares of the apparel retailer’s stock valued at $111,000 after purchasing an additional 3,873 shares in the last quarter. MUFG Americas Holdings Corp lifted its holdings in American Eagle Outfitters by 99.3% in the 2nd quarter. MUFG Americas Holdings Corp now owns 6,407 shares of the apparel retailer’s stock valued at $149,000 after purchasing an additional 3,193 shares in the last quarter. Bridgewater Associates LP purchased a new position in American Eagle Outfitters in the 2nd quarter valued at about $202,000. Stanley Laman Group Ltd. purchased a new position in American Eagle Outfitters in the 3rd quarter valued at about $204,000. Finally, Eqis Capital Management Inc. purchased a new position in American Eagle Outfitters in the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
A number of research analysts have issued reports on AEO shares. Zacks Investment Research lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, August 17th. ValuEngine lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Bank of America lowered shares of American Eagle Outfitters from a “neutral” rating to an “underperform” rating and set a $18.00 target price on the stock. in a report on Thursday, November 1st. Deutsche Bank lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Sunday, December 2nd. Finally, Wedbush lowered shares of American Eagle Outfitters from an “outperform” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Monday, August 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.63.
Shares of AEO stock opened at $19.78 on Friday. The stock has a market cap of $3.53 billion, a PE ratio of 17.05, a P/E/G ratio of 1.39 and a beta of 0.78. American Eagle Outfitters has a 1-year low of $16.14 and a 1-year high of $29.88.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.78%. American Eagle Outfitters’s payout ratio is currently 47.41%.
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American Eagle Outfitters Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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