Wellington Management Group LLP Has $165.59 Million Holdings in American Eagle Outfitters, Inc. (NYSE:AEO)

Wellington Management Group LLP raised its stake in American Eagle Outfitters, Inc. (NYSE:AEO) by 1.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,933,628 shares of the apparel retailer’s stock after acquiring an additional 184,067 shares during the period. Wellington Management Group LLP owned approximately 0.05% of American Eagle Outfitters worth $165,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AEO. Blue Trust Inc. lifted its stake in shares of American Eagle Outfitters by 95.7% in the fourth quarter. Blue Trust Inc. now owns 1,916 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 937 shares during the period. Principal Securities Inc. raised its holdings in American Eagle Outfitters by 2,239.1% in the 4th quarter. Principal Securities Inc. now owns 2,573 shares of the apparel retailer’s stock valued at $43,000 after acquiring an additional 2,463 shares in the last quarter. Park Place Capital Corp bought a new stake in shares of American Eagle Outfitters in the 4th quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its holdings 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 in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of American Eagle Outfitters by 140.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,927 shares of the apparel retailer’s stock valued at $65,000 after purchasing an additional 2,297 shares during the period. 97.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 target price (down from $19.00) on shares of American Eagle Outfitters in a research report on Tuesday, March 11th. Bank of America decreased their target price on shares of American Eagle Outfitters from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Telsey Advisory Group dropped 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 research report on Thursday, March 13th. Citigroup set a $13.00 price objective on American Eagle Outfitters and gave the company a “neutral” rating in a report on Tuesday, March 11th. Finally, Raymond James initiated coverage on American Eagle Outfitters in a report on Friday, December 13th. They issued a “market perform” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.00.

Insider Activity

In related news, Director Cary D. Mcmillan sold 2,999 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $16.02, for a total value of $48,043.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 7.30% of the company’s stock.

American Eagle Outfitters Stock Up 3.6 %

Shares of AEO opened at $12.65 on Thursday. The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $16.91. The firm has a market capitalization of $2.18 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. American Eagle Outfitters, Inc. has a 12-month low of $10.74 and a 12-month high of $25.95.

American Eagle Outfitters Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a yield of 3.95%. American Eagle Outfitters’s payout ratio is presently 29.76%.

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.