Jennison Associates LLC Purchases Shares of 32,754 American Eagle Outfitters, Inc. $AEO

Jennison Associates LLC acquired a new position in American Eagle Outfitters, Inc. (NYSE:AEO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 32,754 shares of the apparel retailer’s stock, valued at approximately $864,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of American Eagle Outfitters by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 18,398,401 shares of the apparel retailer’s stock valued at $485,166,000 after acquiring an additional 249,158 shares during the last quarter. American Century Companies Inc. increased its position in American Eagle Outfitters by 5.1% in the third quarter. American Century Companies Inc. now owns 6,649,952 shares of the apparel retailer’s stock worth $113,781,000 after purchasing an additional 320,750 shares during the last quarter. Marshall Wace LLP raised its stake in American Eagle Outfitters by 920.6% during the third quarter. Marshall Wace LLP now owns 5,497,720 shares of the apparel retailer’s stock valued at $94,066,000 after purchasing an additional 4,959,039 shares in the last quarter. Russell Investments Group Ltd. raised its stake in American Eagle Outfitters by 4.2% during the third quarter. Russell Investments Group Ltd. now owns 1,493,902 shares of the apparel retailer’s stock valued at $25,561,000 after purchasing an additional 60,442 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in American Eagle Outfitters during the third quarter valued at $23,395,000. 97.33% of the stock is owned by hedge funds and other institutional investors.

American Eagle Outfitters Stock Performance

Shares of AEO stock opened at $16.94 on Monday. The stock has a 50 day moving average price of $18.84 and a 200 day moving average price of $21.12. American Eagle Outfitters, Inc. has a 52-week low of $9.27 and a 52-week high of $28.46. The firm has a market capitalization of $2.82 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.20 and a beta of 1.38.

American Eagle Outfitters (NYSE:AEO) last announced its quarterly earnings data on Wednesday, March 4th. The apparel retailer reported $0.84 EPS for the quarter, beating the consensus estimate of $0.71 by $0.13. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company posted $0.54 EPS. American Eagle Outfitters’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that American Eagle Outfitters, Inc. will post 1.76 EPS for the current year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a $0.125 dividend. The ex-dividend date was Friday, April 10th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. American Eagle Outfitters’s dividend payout ratio is presently 44.64%.

Analyst Ratings Changes

A number of equities analysts have commented on AEO shares. Needham & Company LLC initiated coverage on shares of American Eagle Outfitters in a research note on Thursday, March 26th. They issued a “hold” rating for the company. Telsey Advisory Group lowered their price target on shares of American Eagle Outfitters from $28.00 to $25.00 and set a “market perform” rating for the company in a report on Thursday, March 5th. Barclays dropped their price target on American Eagle Outfitters from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Thursday, March 5th. Citigroup boosted their price objective on American Eagle Outfitters from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. Finally, TD Cowen decreased their price objective on American Eagle Outfitters from $27.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, American Eagle Outfitters currently has a consensus rating of “Reduce” and a consensus price target of $21.75.

Insider Activity

In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,887 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $17.23, for a total value of $49,743.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel Joseph Spiegel sold 2,887 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $17.32, for a total transaction of $50,002.84. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.70% of the company’s stock.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.