Nordea Investment Management AB acquired a new stake in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 93,485 shares of the apparel retailer's stock, valued at approximately $1,557,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at approximately $32,000. Advisors Asset Management Inc. raised its stake in American Eagle Outfitters by 171.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,548 shares of the apparel retailer's stock valued at $57,000 after acquiring an additional 1,608 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in American Eagle Outfitters during the 3rd quarter valued at approximately $141,000. Meeder Asset Management Inc. purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $141,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in shares of American Eagle Outfitters during the 3rd quarter worth approximately $199,000. 97.33% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.30% of the stock is owned by insiders.
Shares of NYSE:AEO opened at $16.26 on Friday. The business's fifty day moving average price is $17.68 and its two-hundred day moving average price is $19.58. The stock has a market cap of $3.12 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. American Eagle Outfitters, Inc. has a one year low of $15.85 and a one year high of $26.44.
American Eagle Outfitters (NYSE:AEO - Get Free Report) last announced its earnings results on Wednesday, December 4th. The apparel retailer reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.30 billion. American Eagle Outfitters had a return on equity of 20.75% and a net margin of 4.28%. American Eagle Outfitters's quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, equities research analysts predict that American Eagle Outfitters, Inc. will post 1.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, January 10th. American Eagle Outfitters's dividend payout ratio (DPR) is presently 42.74%.
A number of brokerages have recently issued reports on AEO. BMO Capital Markets cut their target price on American Eagle Outfitters from $22.00 to $20.00 and set a "market perform" rating for the company in a research note on Thursday, December 5th. StockNews.com raised American Eagle Outfitters from a "hold" rating to a "buy" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their target price on American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday. Bank of America cut their target price on American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating for the company in a research note on Thursday, December 5th. Finally, Barclays cut their target price on American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, American Eagle Outfitters presently has a consensus rating of "Hold" and an average price target of $22.10.
View Our Latest Analysis on 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.
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