Trexquant Investment LP Lowers Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Trexquant Investment LP decreased its position in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 44.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,595 shares of the apparel retailer’s stock after selling 40,583 shares during the period. Trexquant Investment LP’s holdings in American Eagle Outfitters were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares during the period. Principal Securities Inc. boosted its stake in shares of American Eagle Outfitters by 2,239.1% during the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after acquiring an additional 2,463 shares in the last quarter. Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters during the 4th quarter valued at about $45,000. Smartleaf Asset Management LLC increased its stake in shares of American Eagle Outfitters by 137.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock valued at $55,000 after purchasing an additional 1,944 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in American Eagle Outfitters by 140.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer’s stock worth $65,000 after purchasing an additional 2,297 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group cut their price objective on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. StockNews.com lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Barclays downgraded shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. Morgan Stanley cut their target price on shares of American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of American Eagle Outfitters from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Eagle Outfitters currently has an average rating of “Hold” and an average target price of $16.00.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $10.65 on Friday. The stock’s 50 day simple moving average is $12.57 and its 200-day simple moving average is $16.33. The stock has a market cap of $1.84 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.82 and a beta of 1.40. American Eagle Outfitters, Inc. has a 1-year low of $9.45 and a 1-year high of $25.15.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 yield of 4.69%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Insider Buying and Selling at American Eagle Outfitters

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the business’s 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 document filed with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by company 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.