Legal & General Group Plc Sells 20,132 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Legal & General Group Plc reduced its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,721 shares of the apparel retailer’s stock after selling 20,132 shares during the quarter. Legal & General Group Plc owned about 0.27% of American Eagle Outfitters worth $8,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEO. Blue Trust Inc. lifted its position in American Eagle Outfitters by 95.7% in the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 937 shares in the last quarter. Huntington National Bank lifted its holdings in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock valued at $34,000 after purchasing an additional 1,475 shares in the last quarter. Principal Securities Inc. boosted its position in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after buying an additional 2,463 shares during the last quarter. Park Place Capital Corp purchased a new position in American Eagle Outfitters in the 4th quarter worth about $45,000. Finally, Smartleaf Asset Management LLC lifted its stake in American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after acquiring an additional 1,944 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Trading Up 5.1 %

NYSE AEO opened at $10.80 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $25.15. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.82 and a beta of 1.40. The company’s 50 day moving average is $12.09 and its two-hundred day moving average is $15.98.

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 paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEO shares. JPMorgan Chase & Co. decreased their price objective on shares of American Eagle Outfitters from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, April 14th. UBS Group dropped their price target on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Telsey Advisory Group dropped their target price on 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. Finally, Morgan Stanley reduced their price target on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.50.

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.