ProShare Advisors LLC Acquires 15,507 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

ProShare Advisors LLC boosted its holdings in shares of American Eagle Outfitters, Inc. (NYSE:AEO) by 40.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,484 shares of the apparel retailer’s stock after purchasing an additional 15,507 shares during the period. ProShare Advisors LLC’s holdings in American Eagle Outfitters were worth $892,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEO. Blue Trust Inc. increased its holdings in shares of American Eagle Outfitters by 95.7% during the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock worth $32,000 after buying an additional 937 shares in the last quarter. Huntington National Bank increased its holdings in shares of American Eagle Outfitters by 258.8% during the fourth quarter. Huntington National Bank now owns 2,045 shares of the apparel retailer’s stock worth $34,000 after buying an additional 1,475 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of American Eagle Outfitters by 2,239.1% during the fourth quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock worth $43,000 after buying an additional 2,463 shares in the last quarter. Park Place Capital Corp acquired a new stake in shares of American Eagle Outfitters during the fourth quarter worth approximately $45,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of American Eagle Outfitters by 137.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,358 shares of the apparel retailer’s stock worth $55,000 after buying an additional 1,944 shares in the last quarter. Institutional investors own 97.33% of the company’s stock.

American Eagle Outfitters Stock Down 1.2%

Shares of NYSE:AEO opened at $10.72 on Friday. American Eagle Outfitters, Inc. has a 12 month low of $9.45 and a 12 month high of $24.26. The company’s fifty day simple moving average is $11.25 and its 200 day simple moving average is $14.39. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.66%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 29.76%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of American Eagle Outfitters from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. BMO Capital Markets lowered their price target on shares of American Eagle Outfitters from $15.00 to $11.00 and set a “market perform” rating for the company in a report on Wednesday, May 14th. Telsey Advisory Group lowered their price target 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 price target on shares of American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Wall Street Zen lowered shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. One 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 data from MarketBeat.com, American Eagle Outfitters has a consensus rating of “Hold” and an average price target of $14.80.

About American Eagle Outfitters

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.