Brandywine Global Investment Management LLC purchased a new stake in shares of American Eagle Outfitters (NYSE:AEO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 543,151 shares of the apparel retailer’s stock, valued at approximately $10,212,000. Brandywine Global Investment Management LLC owned approximately 0.31% of American Eagle Outfitters as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Chartwell Investment Partners LLC purchased a new stake in American Eagle Outfitters during the third quarter valued at $3,995,000. Gateway Investment Advisers LLC raised its stake in shares of American Eagle Outfitters by 3.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 398,185 shares of the apparel retailer’s stock valued at $7,486,000 after acquiring an additional 12,559 shares during the period. Senvest Management LLC purchased a new stake in shares of American Eagle Outfitters in the third quarter valued at $22,737,000. Quadrature Capital Ltd purchased a new stake in shares of American Eagle Outfitters in the fourth quarter valued at $2,918,000. Finally, Ameriprise Financial Inc. raised its stake in shares of American Eagle Outfitters by 205.6% in the third quarter. Ameriprise Financial Inc. now owns 2,280,569 shares of the apparel retailer’s stock valued at $32,611,000 after acquiring an additional 1,534,344 shares during the period. 86.08% of the stock is currently owned by institutional investors.
American Eagle Outfitters (NYSE AEO) opened at $19.47 on Wednesday. The company has a market cap of $3,450.00, a PE ratio of 18.54, a PEG ratio of 2.46 and a beta of 1.01. American Eagle Outfitters has a 1-year low of $10.23 and a 1-year high of $20.83.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 2.82%. This is a boost from American Eagle Outfitters’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, April 12th. American Eagle Outfitters’s dividend payout ratio is presently 47.62%.
Several equities research analysts have recently weighed in on AEO shares. Jefferies Group reissued a “buy” rating and issued a $24.00 target price on shares of American Eagle Outfitters in a research note on Friday, February 23rd. ValuEngine raised shares of American Eagle Outfitters from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 2nd. B. Riley increased their target price on shares of American Eagle Outfitters from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. BMO Capital Markets set a $21.00 target price on shares of American Eagle Outfitters and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.00.
COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/brandywine-global-investment-management-llc-takes-position-in-american-eagle-outfitters-aeo.html.
About American Eagle Outfitters
American Eagle Outfitters, Inc (AEO Inc) is a multi-brand specialty retailer. The Company offers a range of apparel and accessories for men and women under the American Eagle Outfitters Brand (AEO Brand), and intimates, apparel and personal care products for women under the Aerie brand. AEO Inc operates stores in the United States, Canada, Mexico, Hong Kong, China and the United Kingdom.
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.