Nordea Investment Management AB Invests $1.56 Million in American Eagle Outfitters, Inc. (NYSE:AEO)

Nordea Investment Management AB bought a new position in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 93,485 shares of the apparel retailer's stock, valued at approximately $1,557,000.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc grew its holdings in American Eagle Outfitters by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 60,500 shares of the apparel retailer's stock worth $1,208,000 after acquiring an additional 2,000 shares during the last quarter. Arizona State Retirement System grew its holdings in American Eagle Outfitters by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 52,537 shares of the apparel retailer's stock worth $1,049,000 after acquiring an additional 963 shares during the last quarter. Quest Partners LLC bought a new stake in American Eagle Outfitters during the 2nd quarter worth about $217,000. American Century Companies Inc. grew its holdings in American Eagle Outfitters by 18.1% during the 2nd quarter. American Century Companies Inc. now owns 4,472,073 shares of the apparel retailer's stock worth $89,263,000 after acquiring an additional 684,420 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in American Eagle Outfitters by 408.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,272 shares of the apparel retailer's stock worth $183,000 after acquiring an additional 7,449 shares during the last quarter. Institutional investors own 97.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on AEO. Raymond James began coverage on shares of American Eagle Outfitters in a report on Friday, December 13th. They set a "market perform" rating on the stock. StockNews.com upgraded shares of American Eagle Outfitters from a "hold" rating to a "buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of American Eagle Outfitters from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday. Bank of America cut their target price on shares of American Eagle Outfitters from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, December 5th. Finally, Barclays cut their target price on shares of American Eagle Outfitters from $26.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, American Eagle Outfitters has a consensus rating of "Hold" and an average target price of $22.10.

Insiders Place Their Bets

In other news, Director Cary D. Mcmillan sold 2,283 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.30% of the company's stock.

American Eagle Outfitters Trading Down 1.6 %

Shares of NYSE:AEO traded down $0.26 during mid-day trading on Friday, reaching $16.26. The stock had a trading volume of 5,985,178 shares, compared to its average volume of 4,326,880. The firm 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. The firm has a 50 day simple moving average of $17.68 and a two-hundred day simple moving average of $19.58. American Eagle Outfitters, Inc. has a twelve month low of $15.85 and a twelve month 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, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.30 billion. American Eagle Outfitters had a net margin of 4.28% and a return on equity of 20.75%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. On average, equities analysts anticipate that American Eagle Outfitters, Inc. will post 1.69 EPS for the current fiscal year.

American Eagle Outfitters Dividend Announcement

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. The ex-dividend date is Friday, January 10th. This represents a $0.50 annualized dividend and a yield of 3.08%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 42.74%.

American Eagle Outfitters Profile

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.