Nykredit A S Makes New $46.02 Million Investment in American Eagle Outfitters, Inc. $AEO

Nykredit A S purchased a new stake in American Eagle Outfitters, Inc. (NYSE:AEO) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,675,749 shares of the apparel retailer’s stock, valued at approximately $46,023,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in American Eagle Outfitters in the 2nd quarter valued at approximately $7,518,000. Goldman Sachs Group Inc. grew its stake in shares of American Eagle Outfitters by 12.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,000,419 shares of the apparel retailer’s stock worth $158,231,000 after acquiring an additional 680,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of American Eagle Outfitters by 151,993.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 65,400 shares of the apparel retailer’s stock valued at $1,725,000 after purchasing an additional 65,357 shares during the last quarter. NFJ Investment Group LLC acquired a new stake in shares of American Eagle Outfitters in the second quarter valued at approximately $10,962,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of American Eagle Outfitters in the first quarter worth $5,490,000. 97.33% of the stock is owned by institutional investors and hedge funds.

American Eagle Outfitters Stock Up 0.7%

American Eagle Outfitters stock opened at $16.70 on Thursday. The stock has a market cap of $2.80 billion, a P/E ratio of 10.31, a P/E/G ratio of 3.62 and a beta of 1.33. The company’s 50-day moving average price is $17.04 and its two-hundred day moving average price is $17.91. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. American Eagle Outfitters, Inc. has a twelve month low of $13.35 and a twelve month high of $28.46.

American Eagle Outfitters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.50 annualized dividend and a yield of 3.0%. American Eagle Outfitters’s dividend payout ratio is presently 30.86%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AEO shares. TD Cowen decreased their target price on shares of American Eagle Outfitters from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley reiterated an “equal weight” rating and set a $18.00 target price on shares of American Eagle Outfitters in a report on Monday, July 6th. Wall Street Zen downgraded American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Bank of America reaffirmed an “underperform” rating and set a $16.00 price target on shares of American Eagle Outfitters in a research report on Friday, August 14th. Finally, Telsey Advisory Group dropped their price objective on American Eagle Outfitters from $25.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.09.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,892 shares of American Eagle Outfitters stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $16.77, for a total transaction of $48,498.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David M. Sable sold 5,779 shares of American Eagle Outfitters stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $17.23, for a total value of $99,572.17. Following the transaction, the director directly owned 53,481 shares in the company, valued at $921,477.63. The trade was a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,563 shares of company stock valued at $196,599 in the last 90 days. 8.95% of the stock is owned by corporate insiders.

About American Eagle Outfitters

American Eagle Outfitters, Inc (NYSE: AEO) is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company’s flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.