Municipal Employees Retirement System of Michigan acquired a new stake in American Eagle Outfitters (NYSE:AEO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,490 shares of the apparel retailer’s stock, valued at approximately $783,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mckinley Capital Management LLC Delaware bought a new position in American Eagle Outfitters during the fourth quarter worth about $35,000. Acadian Asset Management LLC raised its stake in shares of American Eagle Outfitters by 131.5% during the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the apparel retailer’s stock worth $71,000 after buying an additional 2,079 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $123,000. Contravisory Investment Management Inc. purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth approximately $104,000. Finally, First Mercantile Trust Co. purchased a new position in shares of American Eagle Outfitters during the 4th quarter worth approximately $112,000. Institutional investors own 92.24% of the company’s stock.
Shares of AEO traded down $0.33 on Friday, reaching $22.46. The stock had a trading volume of 4,089,814 shares, compared to its average volume of 3,943,829. The stock has a market cap of $3.88 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.97 and a beta of 0.79. American Eagle Outfitters has a twelve month low of $17.00 and a twelve month high of $29.88.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 37.16%.
In other American Eagle Outfitters news, EVP Andrew J. Mclean sold 15,196 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $20.75, for a total value of $315,317.00. Following the transaction, the executive vice president now directly owns 30,180 shares of the company’s stock, valued at $626,235. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.30% of the company’s stock.
A number of equities analysts have recently issued reports on AEO shares. ValuEngine downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Jefferies Financial Group set a $28.00 target price on American Eagle Outfitters and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. American Eagle Outfitters presently has a consensus rating of “Buy” and an average target price of $24.62.
American Eagle Outfitters Profile
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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