Huntington National Bank Has $34,000 Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Huntington National Bank increased its holdings in American Eagle Outfitters, Inc. (NYSE:AEO) by 258.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,045 shares of the apparel retailer’s stock after purchasing an additional 1,475 shares during the period. Huntington National Bank’s holdings in American Eagle Outfitters were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of American Eagle Outfitters by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 9,933,628 shares of the apparel retailer’s stock worth $165,594,000 after acquiring an additional 184,067 shares in the last quarter. American Century Companies Inc. grew its holdings in American Eagle Outfitters by 9.4% during the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after purchasing an additional 472,683 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of American Eagle Outfitters by 8.4% in the third quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer’s stock valued at $65,341,000 after purchasing an additional 226,821 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters by 15.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer’s stock worth $47,976,000 after buying an additional 381,047 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of American Eagle Outfitters during the 4th quarter worth $35,267,000. 97.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,999 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Raymond James began coverage on American Eagle Outfitters in a research note on Friday, December 13th. They set a “market perform” rating for the company. Bank of America dropped their price target on 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. 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Eleven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.00.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $10.31 on Tuesday. The business has a fifty day moving average of $13.25 and a two-hundred day moving average of $16.70. American Eagle Outfitters, Inc. has a 52-week low of $9.80 and a 52-week high of $25.50. The stock has a market cap of $1.78 billion, a PE ratio of 8.81, a PEG ratio of 0.82 and a beta of 1.40.

American Eagle Outfitters Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.85%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

American Eagle Outfitters Profile

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.