EP Wealth Advisors LLC Has $199,000 Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

EP Wealth Advisors LLC lowered its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 31.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,920 shares of the apparel retailer’s stock after selling 5,503 shares during the period. EP Wealth Advisors LLC’s holdings in American Eagle Outfitters were worth $199,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its stake in shares of American Eagle Outfitters by 868,408.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer’s stock valued at $14,478,000 after acquiring an additional 868,408 shares during the last quarter. Bayesian Capital Management LP raised its stake in shares of American Eagle Outfitters by 434.5% during the fourth quarter. Bayesian Capital Management LP now owns 52,528 shares of the apparel retailer’s stock valued at $876,000 after acquiring an additional 42,700 shares during the last quarter. Bank of America Corp DE raised its stake in shares of American Eagle Outfitters by 24.1% during the fourth quarter. Bank of America Corp DE now owns 441,323 shares of the apparel retailer’s stock valued at $7,357,000 after acquiring an additional 85,775 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in shares of American Eagle Outfitters by 5.2% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock valued at $262,000 after acquiring an additional 783 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of 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 valued at $20,738,000 after acquiring an additional 1,194,408 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Trading Down 5.9%

AEO opened at $11.97 on Thursday. American Eagle Outfitters, Inc. has a 1-year low of $9.45 and a 1-year high of $24.95. The company has a market cap of $2.06 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56. The company has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $14.79.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.18%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is currently 29.76%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AEO shares. Citigroup set a $13.00 price target on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research note on Tuesday, March 11th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. UBS Group dropped their target price on shares of American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. BMO Capital Markets dropped their target price on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, Barclays dropped their target price on shares of American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.