Intrust Bank NA Purchases Shares of 14,288 American Eagle Outfitters, Inc. (NYSE:AEO)

Intrust Bank NA acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the 4th quarter, Holdings Channel reports. The firm acquired 14,288 shares of the apparel retailer’s stock, valued at approximately $238,000.

A number of other hedge funds have also made changes to their positions in AEO. Blue Trust Inc. boosted its position in American Eagle Outfitters by 95.7% during the 4th quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 937 shares during the period. Xponance Inc. lifted its stake in shares of American Eagle Outfitters by 9.1% during the fourth quarter. Xponance Inc. now owns 13,036 shares of the apparel retailer’s stock worth $217,000 after purchasing an additional 1,082 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of American Eagle Outfitters by 171.1% in the third quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer’s stock worth $57,000 after buying an additional 1,608 shares during the period. Bridge City Capital LLC grew its stake in shares of American Eagle Outfitters by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 171,943 shares of the apparel retailer’s stock valued at $2,866,000 after buying an additional 1,615 shares in the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of American Eagle Outfitters by 16.2% during the 4th quarter. Candriam S.C.A. now owns 12,942 shares of the apparel retailer’s stock valued at $216,000 after buying an additional 1,800 shares during the period. Hedge funds and other institutional investors own 97.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AEO has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on American Eagle Outfitters from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Barclays lowered shares of American Eagle Outfitters from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $17.00 to $10.00 in a report on Tuesday, March 11th. Telsey Advisory Group dropped their price target on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, March 13th. StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, UBS Group dropped their target price on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating on the stock 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, the stock presently has an average rating of “Hold” and a consensus price target of $16.00.

Insiders Place Their Bets

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total transaction of $48,043.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.30% of the stock is currently owned by corporate insiders.

American Eagle Outfitters Stock Down 4.2 %

Shares of NYSE AEO opened at $11.42 on Monday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 9.76, a PEG ratio of 0.82 and a beta of 1.57. The stock’s 50 day moving average price is $13.92 and its two-hundred day moving average price is $17.04. American Eagle Outfitters, Inc. has a 52-week low of $10.74 and a 52-week high of $26.25.

American Eagle Outfitters Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

American Eagle Outfitters Company 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.