Norges Bank purchased a new position in shares of American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,115,571 shares of the apparel retailer's stock, valued at approximately $35,267,000. Norges Bank owned approximately 1.10% of American Eagle Outfitters as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in American Eagle Outfitters by 2.8% in the 3rd quarter. Wellington Management Group LLP now owns 9,749,561 shares of the apparel retailer's stock valued at $218,293,000 after buying an additional 268,326 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of American Eagle Outfitters by 9.4% in the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock valued at $91,774,000 after purchasing an additional 472,683 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Eagle Outfitters by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 2,918,295 shares of the apparel retailer's stock valued at $65,341,000 after purchasing an additional 226,821 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of American Eagle Outfitters by 15.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock valued at $47,976,000 after purchasing an additional 381,047 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of American Eagle Outfitters by 2.2% in the 3rd quarter. Franklin Resources Inc. now owns 688,869 shares of the apparel retailer's stock valued at $14,266,000 after purchasing an additional 15,038 shares during the last quarter. 97.33% of the stock is currently owned by hedge funds and other institutional investors.
American Eagle Outfitters Stock Performance
Shares of American Eagle Outfitters stock traded down $0.50 on Thursday, reaching $10.77. 1,703,828 shares of the company were exchanged, compared to its average volume of 5,072,990. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.82 and a beta of 1.40. The company's 50-day moving average is $12.77 and its two-hundred day moving average is $16.47. American Eagle Outfitters, Inc. has a 1-year low of $9.45 and a 1-year high of $25.15.
American Eagle Outfitters Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, April 11th. This represents a $0.50 annualized dividend and a yield of 4.64%. American Eagle Outfitters's dividend payout ratio (DPR) is currently 29.76%.
Insider Buying and Selling at American Eagle Outfitters
In other news, Director Cary D. Mcmillan sold 2,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $16.02, for a total value of $48,043.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $15.00 price target (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Morgan Stanley decreased their target price on American Eagle Outfitters from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Telsey Advisory Group decreased their target price on American Eagle Outfitters from $18.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, March 13th. JPMorgan Chase & Co. decreased their target price on American Eagle Outfitters from $19.00 to $15.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Bank of America decreased their target price on American Eagle Outfitters from $18.00 to $13.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.00.
Read Our Latest Report on AEO
American Eagle Outfitters Profile
(
Free Report)
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.
Recommended Stories
Before you consider American Eagle Outfitters, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Eagle Outfitters wasn't on the list.
While American Eagle Outfitters currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
