D. E. Shaw & Co. Inc. Grows Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

D. E. Shaw & Co. Inc. boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 69.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,354,447 shares of the apparel retailer’s stock after acquiring an additional 553,372 shares during the period. D. E. Shaw & Co. Inc.’s holdings in American Eagle Outfitters were worth $22,579,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in shares of American Eagle Outfitters by 868,408.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 868,508 shares of the apparel retailer’s stock worth $14,478,000 after purchasing an additional 868,408 shares in the last quarter. Bayesian Capital Management LP grew its stake in shares of American Eagle Outfitters by 434.5% in the fourth quarter. Bayesian Capital Management LP now owns 52,528 shares of the apparel retailer’s stock worth $876,000 after acquiring an additional 42,700 shares during the last quarter. Bank of America Corp DE raised its position in shares of American Eagle Outfitters by 24.1% in the 4th quarter. Bank of America Corp DE now owns 441,323 shares of the apparel retailer’s stock worth $7,357,000 after purchasing an additional 85,775 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its position in shares of American Eagle Outfitters by 5.2% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 15,740 shares of the apparel retailer’s stock worth $262,000 after purchasing an additional 783 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of American Eagle Outfitters by 2,408.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,244,008 shares of the apparel retailer’s stock worth $20,738,000 after purchasing an additional 1,194,408 shares during the last quarter. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Trading Down 1.9%

Shares of AEO stock opened at $11.14 on Monday. 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 $1.92 billion, a P/E ratio of 9.52, a P/E/G ratio of 0.82 and a beta of 1.56. The company has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $14.88.

American Eagle Outfitters Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.125 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 4.49%. American Eagle Outfitters’s dividend payout ratio is currently 29.76%.

Analyst Ratings Changes

AEO has been the subject of a number of analyst reports. Telsey Advisory Group reduced their price objective on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, March 13th. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Barclays cut American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $17.00 to $10.00 in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on American Eagle Outfitters from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Finally, UBS Group decreased their target price 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. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.40.

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.