Gotham Asset Management LLC Takes $777,000 Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Gotham Asset Management LLC purchased a new position in American Eagle Outfitters, Inc. (NYSE:AEO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,630 shares of the apparel retailer’s stock, valued at approximately $777,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AEO. Dimensional Fund Advisors LP raised its stake in shares of American Eagle Outfitters by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer’s stock valued at $170,431,000 after acquiring an additional 413,193 shares during the period. Wellington Management Group LLP grew its holdings in 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 valued at $165,594,000 after purchasing an additional 184,067 shares during the last quarter. American Century Companies Inc. raised its position in American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock worth $91,774,000 after purchasing an additional 472,683 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 381,047 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of American Eagle Outfitters by 10.3% during the fourth quarter. Northern Trust Corp now owns 2,119,450 shares of the apparel retailer’s stock valued at $35,331,000 after buying an additional 197,612 shares during the period. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

NYSE:AEO opened at $12.36 on Monday. The firm has a 50-day simple moving average of $11.29 and a 200-day simple moving average of $14.61. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $24.26. The firm has a market cap of $2.13 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AEO shares. UBS Group decreased their price target on American Eagle Outfitters from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Morgan Stanley decreased their target price on American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Barclays cut their price target 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, May 12th. BMO Capital Markets reduced their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 14th. Finally, StockNews.com cut shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.80.

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.