Millennium Management LLC Has $41.83 Million Stake in American Eagle Outfitters, Inc. (NYSE:AEO)

Millennium Management LLC raised its position in American Eagle Outfitters, Inc. (NYSE:AEO) by 1,510.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,509,057 shares of the apparel retailer’s stock after purchasing an additional 2,353,225 shares during the quarter. Millennium Management LLC owned 1.31% of American Eagle Outfitters worth $41,826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEO. Norges Bank acquired a new stake in shares of American Eagle Outfitters in the 4th quarter valued at about $35,267,000. Schonfeld Strategic Advisors LLC increased its position in shares of American Eagle Outfitters by 2,408.1% in 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. Cubist Systematic Strategies LLC increased its position in shares of American Eagle Outfitters by 868,408.0% in 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. D. E. Shaw & Co. Inc. increased its position in shares of American Eagle Outfitters by 69.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,354,447 shares of the apparel retailer’s stock valued at $22,579,000 after acquiring an additional 553,372 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of American Eagle Outfitters by 9.4% in the fourth quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer’s stock valued at $91,774,000 after acquiring an additional 472,683 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEO shares. Telsey Advisory Group lowered their target price on American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, March 13th. Bank of America lowered their target price on American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Morgan Stanley lowered their target price on American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. UBS Group lowered 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. Finally, Citigroup set a $13.00 price target on American Eagle Outfitters and gave the stock a “neutral” rating in a report on Tuesday, March 11th. One equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $14.80.

American Eagle Outfitters Stock Performance

American Eagle Outfitters stock opened at $12.36 on Friday. American Eagle Outfitters, Inc. has a 52 week low of $9.45 and a 52 week high of $24.26. The stock has a market capitalization of $2.13 billion, a P/E ratio of 10.56, a PEG ratio of 0.82 and a beta of 1.56. The stock has a 50-day simple moving average of $11.29 and a 200 day simple moving average of $14.65.

American Eagle Outfitters Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio is presently 29.76%.

American Eagle Outfitters 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.