Shellback Capital LP Cuts Stock Position in American Eagle Outfitters, Inc. (NYSE:AEO)

Shellback Capital LP decreased its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 77.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,000 shares of the apparel retailer’s stock after selling 445,000 shares during the period. Shellback Capital LP’s holdings in American Eagle Outfitters were worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC acquired a new position in American Eagle Outfitters during the fourth quarter worth $267,000. Smartleaf Asset Management LLC raised its position in shares of American Eagle Outfitters by 137.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 1,944 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of American Eagle Outfitters during the 4th quarter worth about $378,000. US Bancorp DE boosted its holdings in American Eagle Outfitters by 1,673.7% in the 4th quarter. US Bancorp DE now owns 62,134 shares of the apparel retailer’s stock worth $1,036,000 after buying an additional 58,631 shares during the last quarter. Finally, Barclays PLC increased its stake in American Eagle Outfitters by 51.8% during the 3rd quarter. Barclays PLC now owns 298,263 shares of the apparel retailer’s stock worth $6,679,000 after buying an additional 101,795 shares in the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Price Performance

Shares of AEO stock opened at $12.00 on Friday. The firm’s 50-day moving average is $11.27 and its two-hundred day moving average is $14.73. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $24.26. The company has a market capitalization of $2.07 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, April 11th. American Eagle Outfitters’s dividend payout ratio (DPR) is 29.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Barclays decreased their price objective on American Eagle Outfitters from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Monday. Telsey Advisory Group dropped their target price on shares of American Eagle Outfitters from $18.00 to $12.00 and set a “market perform” rating for the company in a report on Thursday, March 13th. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, UBS Group lowered their price target on shares of 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. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.80.

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.