Northern Trust Corp Purchases 197,612 Shares of American Eagle Outfitters, Inc. (NYSE:AEO)

Northern Trust Corp grew its holdings in American Eagle Outfitters, Inc. (NYSE:AEO - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,119,450 shares of the apparel retailer's stock after buying an additional 197,612 shares during the quarter. Northern Trust Corp owned 1.10% of American Eagle Outfitters worth $35,331,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AEO. Norges Bank acquired a new position in shares of American Eagle Outfitters in the 4th quarter valued at $35,267,000. American Century Companies Inc. increased its position in shares of American Eagle Outfitters by 9.4% during the 4th quarter. American Century Companies Inc. now owns 5,505,340 shares of the apparel retailer's stock worth $91,774,000 after purchasing an additional 472,683 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of American Eagle Outfitters by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,223,953 shares of the apparel retailer's stock worth $170,431,000 after purchasing an additional 413,193 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of American Eagle Outfitters by 15.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,877,963 shares of the apparel retailer's stock worth $47,976,000 after purchasing an additional 381,047 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in American Eagle Outfitters by 511.9% during the 4th quarter. Hantz Financial Services Inc. now owns 430,860 shares of the apparel retailer's stock worth $7,182,000 after acquiring an additional 360,447 shares during the last quarter. Institutional investors and hedge funds own 97.33% of the company's stock.

American Eagle Outfitters Price Performance

AEO stock traded up $0.96 during midday trading on Monday, reaching $12.10. 10,776,839 shares of the company were exchanged, compared to its average volume of 5,291,709. The business has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $14.83. American Eagle Outfitters, Inc. has a one year low of $9.45 and a one year high of $25.15. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.56.

American Eagle Outfitters Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.125 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.13%. American Eagle Outfitters's payout ratio is presently 29.76%.

Analyst Upgrades and Downgrades

AEO has been the topic of a number of research analyst reports. UBS Group decreased their price objective on shares of American Eagle Outfitters from $32.00 to $28.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. StockNews.com lowered shares of American Eagle Outfitters from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Citigroup set a $13.00 target price on shares of American Eagle Outfitters and gave the company a "neutral" rating in a research note on Tuesday, March 11th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $15.00 target price (down previously from $19.00) on shares of American Eagle Outfitters in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of American Eagle Outfitters from $15.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $15.30.

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.